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08-27-2014, 04:10 PM #1Senior Member
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Lendingclub files IPO $$500m
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08-27-2014, 05:30 PM #2Senior Member
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its IPO mania out there....this is most definitely a stock I would buy. Their all fee syndication model is amazing!
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08-27-2014, 05:49 PM #3A forum user
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ditto. I have more than 40k invested in their consumer loans right now ($25 a pop). You won't earn MCA level returns but you can beat the hell out of a savings account and other investments.
Originally Posted by isaacdstern
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08-28-2014, 09:29 AM #4Senior Member
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Lendingclub files IPO $$500m
Agreed...great model!
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08-28-2014, 12:40 PM #5Sponsor
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Lendingclub files IPO $$500m
If it's such a great model, why do they lose money? Originally Posted by isaacdstern
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08-28-2014, 12:43 PM #6Sponsor
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It originated $1.8 billion worth of loans in the first six months of the year, more than doubling what it did in the same time last year.
The company slid to a $16.5 million loss in the first half of the year from a small $1.7 million profit in the same time last year.
http://dealbook.nytimes.com/2014/08/...ype=blogs&_r=0
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08-28-2014, 12:59 PM #7Veteran
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No match for your Quicken brethren, eh?
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