NCO Financial Systems Compliment - Thank you Michael Barrist
About a year ago I opened a position in NCO Group Inc (NCOG) partly due to all the complaints on this site and partly just for fun. I figured an aggressive collections company who cheesed everybody off combined with the new bankruptcy law and the current political environment was a good pick. The stock has been pretty much a dog for the last year and my little joke wasn’t all that funny anymore. Almost sold earlier this year but I kept the faith and that faith was rewarded.
Today Michael Barrist the CEO announced he is attempting to take the company private with an offer of 27.50 a share. This is a tidy 30% profit. Yippee Skippee.
A tip of the hat to NCO, all the hard working NCO employees,Michael Barrist and all the posters at my3cents dot com. Cyber Drinks are on me.