wfm

wfm

Monday, November 12, 2018

LendingClub (NYSE: LC) - Strong Sell


  • The irrational bounce after the company reported its ninth straight quarter of losses provides investors another chance to sell the stock.
  • LendingClub is being valued like a technology company although it should really be valued like a credit services company with a much lower forward multiple.
  • Bringing the availability of high interest loans to the web is not a business model to get excited about; especially given the ample competition.

Read the Full SeekingAlpha Article HERE

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