Experienced Notebuyers: Performing 2nds

[Casey Mericle]

Experienced Notebuyers,

I'm considering adding performing 2nds to my portfolio (both true performing and reperforming) and I wanted to start a discussion on what range you are seeing these notes selling for.  Before caveating the conversation with the obligatory "it depends", please understand I know that it depends on many factors, but that's why I'm asking about a range.  

If you would like to give some context as to the factors that you look at in priority order (more important factors vs. less important factors) that would be a value added conversation as well.

Additionally if you would like to provide some flavor as to what kind of ranges you are seeing regarding re-performing 2nds and the factors that influence your buying decision, that would be excellent as well. 

I'm looking for the @Dave Van Horn, @Bill G. , @Dion DePaoli, @Kent Anderson, @Doug Smith, @Marc Faulkner types to give some insight.