[jotucker1983]

On deck stated they are making a robust push to market through television and radio and utilizing direct sales. If direct sales doesn't have to sell with buy rates like brokers, they are simply competing with channels for business. But they aren't the only company doing direct sales. If you have indirect and direct the same pricing to sell deals, than it's a fair game. Otherwise, the resellers are at a disadvantage selling to the same business.

It's about who submits the application first, the broker or the inside sales guy? If the inside sales submitted it first then they are the ones pricing it, if the broker did then the broker is pricing it. If the broker prices it at a 6 month 1.18 then that's also On Deck Capital's quote to the merchant, the inside sales team can't steal the lead and reprice it at 1.15 because it's first come, first served.

[Lender Of Gold]

or if the deal doesn't get sold, they use drip marketing and resell at < 1.15

[Guy In The Know]

http://finance.yahoo.com/q?s=ondk

down 6.5% today

Isaac - no stock update today?

[mcaguru]

Maybe hes out spending his Short profits!!!

[isaacdstern]

I don't get it, they take some new space and the stock jumps 10%...our shares dropped when i rented our new floor

Isaac - no stock update today?

[isaacdstern]

ONDK Financials

http://finance.yahoo.com/q/is?s=ondk

[WALLFUND]

Isaac ,or anyone who could possibly shed some light on this . Why is the stock not tanking if they are consistently losing money ???

[MCNetwork]

Because like it or not, they are an industry leader with a lot of growth potential and the stock price reflects that optimism. I wouldn't be trying to short this stock at all or you'll get your ass handed to you.

[omegafund]

Bubbles, tech industry had a lot of stocks like this back in Dot com boom. No profits all hype.

[isaacdstern]

That is the $1.4 Billion dollar question (valuation as of today anyways)

Isaac ,or anyone who could possibly shed some light on this . Why is the stock not tanking if they are consistently losing money ???

[isaacdstern]

Compass Point analyst Michael Tarkan initiated coverage on On Deck Capital, Inc. (NYSE: ONDK) with a Sell rating and $14.00 price target.

http://finance.yahoo.com/news/compas...134346819.html

[isaacdstern]

ondk.jpg

[CreditGuy]

Compass Point analyst Michael Tarkan initiated coverage on On Deck Capital, Inc. (NYSE: ONDK) with a Sell rating and $14.00 price target.

http://finance.yahoo.com/news/compas...134346819.html

Spot on analysis. The market clearly takes that analyst very seriously.

EOd6vOt.jpg

[MCNetwork]

The dumb money always follows the analysts. Shorts are getting squeeeeezed

[CreditGuy]

Compass Point analyst Michael Tarkan initiated coverage on On Deck Capital, Inc. (NYSE: ONDK) with a Sell rating and $14.00 price target.

http://finance.yahoo.com/news/compas...134346819.html

5 days later. Hey, bizloanbroker, is your short position in the money?

Capture.jpg

[isaacdstern]

http://finance.yahoo.com/news/ondeck-reports-first-quarter-2015-200100264.html?.tsrc=applewf

[Lenders.Marketing]

http://finance.yahoo.com/news/ondeck-reports-first-quarter-2015-200100264.html?.tsrc=applewf

From a glass half full perspective they are losing less money than last quarter!

[staten]

http://finance.yahoo.com/news/ondeck-reports-first-quarter-2015-200100264.html?.tsrc=applewf

Originations only up 83% (I say only as the expectations were higher), refis are included in originations. Reduced the BD debt expense to 7.2% which is fine-provision is 10.5%.

Key quick takeaways:

1. Effective yield down from 41.2 to 36.7 (4.5% decrease) Cost of funds decreased from 9.3 to 5.1 (4.2%).
Yield decrease greater than reduction of cost of capital.

2. 15+ delinquency ratio up huge! 7.2 to 8.4.

[staten]

Did they burn $50 mil in the quarter?????

[Sean Cash]

So who's going to step up from the forum and ask Noah and Howard a question on the earnings call? We hear from Deutsche Bank, Bank of America, JP Morgan.... blah blah blah. How about some questions from the real street?

[staten]

So who's going to step up from the forum and ask Noah and Howard a question on the earnings call? We hear from Deutsche Bank, Bank of America, JP Morgan.... blah blah blah. How about some questions from the real street?

They got the important one right away-----all about yield reduction. "Strategic decision" to reduce...... wonder if cash burn will come up

[Lenders.Marketing]

So who's going to step up from the forum and ask Noah and Howard a question on the earnings call? We hear from Deutsche Bank, Bank of America, JP Morgan.... blah blah blah. How about some questions from the real street?

I'm listening on-line. What number do we call to ask a question? I've got a couple questions for Noah and Howard!

[bizloanbroker]

Why did your reported default rate double??

So who's going to step up from the forum and ask Noah and Howard a question on the earnings call? We hear from Deutsche Bank, Bank of America, JP Morgan.... blah blah blah. How about some questions from the real street?

[isaacdstern]

Any additional news from the earnings call??

I heard they think they have no competition from other MCA firms

[isaacdstern]

Has everyone lost sight of one facts here...they have been in business for 10 years and have still not shown a profit