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01-13-2015, 06:13 AM #1
Sterne Agee Says On Deck Capital Is More Finance Than Tech, and That’s a Problem
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01-13-2015, 07:29 AM #2
- Join Date
- Jun 2014
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- 195
The headline kind of says all that needs to be said
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01-13-2015, 10:54 AM #3
stock price is down in the 18s already.
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01-13-2015, 01:15 PM #4
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01-13-2015, 01:37 PM #5
- Join Date
- Feb 2014
- Posts
- 23
Ondeck's CEO pitch is the following, "OnDeck Capital, is going to make bank loan officers as obsolete as travel agents. CEO compares OnDeck to Amazon (AMZN), Priceline (PCLN), and Zillow (Z). “Financial services is being disrupted—full stop,” he says. “Lending is one of the last industries to be transformed.”
Whoever is buying this, doesn't understand this industry at all.
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01-13-2015, 02:19 PM #6
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01-13-2015, 01:39 PM #7
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01-13-2015, 01:50 PM #8
- Join Date
- Dec 2013
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- 4,713
I hope this rebounds for the sake of those that bought on the first day in the upper 20's
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01-13-2015, 02:36 PM #9
- Join Date
- Dec 2013
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Isaac why don't you look at it like they are selling pieces of there company ( short term) for 35% discount then a week ago>?
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01-13-2015, 02:50 PM #10
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01-13-2015, 02:40 PM #11
- Join Date
- Nov 2014
- Location
- NYC
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- 21
ONDK initial expected pricing range was only $16-$18, so let's keep things in perspective. IMO it's more likely the hype is deflating than anything else..
(Remember FB)... $42-->$18-->$80, highly unlikely in this case, but market is volatile in the short-term.
http://www.reuters.com/article/2014/...0JV0AO20141217
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01-13-2015, 03:03 PM #12
The comparison to Facebook is relevant I guess (ONDK reps tech) so you are talking apples to apples but in my opinion a shiny George Washington to one of those apples you find when your mountain biking that your scared to eat. If you look at the chart/IPO price we are right at support levels and earnings are around the corner. Breakthrough in support/shaky earnings and this could get a little rough.. good thing they got deep pockets
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01-13-2015, 04:18 PM #13
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- Nov 2014
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- NYC
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If you look at the chart/IPO price we are right at support levels and earnings are around the corner. Breakthrough in support/shaky earnings and this could get a little rough.. good thing they got deep pockets[/QUOTE]
The comp to FB was related to the vol not the sector or industry type..
Also, I wouldn't be too hasty to draw trend and support lines when the company has only been publicly traded for less than a month.
Waiting for options to start trading it anyway.Last edited by Natan; 01-13-2015 at 04:23 PM.
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01-13-2015, 03:11 PM #14
Agee also gave lending club a rating of underperform and target price of 17.75
He noted some concerns and challenges
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