Because you bought the debt for "pennies on the dollar," any recovery toward the full principal represents pure profit.
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It’s one of the few ways to find "mispriced" assets in a crowded market. Just make sure you’re comfortable with the credit risk! Because you bought the debt for "pennies on
Most people think of lending as a "primary" activity—you give money, they pay you back. But the real meat is often in the . Buying loans at a discount allows for two types of gains: buying loans at a discount