[mcaguru]

why is the ondeck stock down...? One of you financial guys explain it to me...

[Chambo]

because the smart guys, who know how to read a P&L and Balance sheet, realize they aint got no money. what they are truly worth, vs. what they pretend and hype themselves to be worth, are turning out to be two VERY different #'s.

That's why I asked you Mike, how you could possibly think this was a $50 stock?

[mcaguru]

you're right on!

[Chambo]

you're

[isaacdstern]

this sums it all up...they are more Fin then Tech. A fast growing financial company that is losing money by the truckload is just not that exciting.

http://blogs.wsj.com/moneybeat/2015/...ats-a-problem/

[Chambo]

"OnDeck has sought to be labeled by investors as a high-growth technology company with a platform to link small business borrowers and lenders. During its IPO roadshow, the company sought to pitch its stock to tech investors rather than to financial analysts, a person familiar with the pitch said. Instead, Mr. Coffey said he and his team have come to the conclusion that it should be considered a high-growth specialty finance lender.

When looking at OnDeck as a finance company, he wrote, investors will be looking at the quality of its loans and borrowers, competition, and potentially regulatory issues, rather than the growth in loan origination and revenue. Mr. Coffey expects to see “considerable growth in both loan originations and revenue,” but he said that’s not enough.

Meanwhile, the money moving into this space will inevitably cause regulators to take a closer look at alternative lenders, which could crimp their growth.

“In some ways, the rapidly growing marketplace lending and P2P business reminds us of the U.S. prepaid card business five years ago,” Mr. Coffey writes, citing Green Dot Corp. and NetSpend, now owned by Total System Services. Both companies, initially outside the purview of banking and consumer regulators, quickly came under their scrutiny, which caused their growth to slow and profit margins to compress.

Mr. Coffey thinks that OnDeck, Lending Club Corp. (which went public in December a week before OnDeck) and other entrants into the peer-to-peer and alternative lending space could potentially suffer a similar fate.

While investors were giddy over the potential of the sector a month ago, it has already lost some of its luster for investors. OnDeck’s shares dropped nearly 9% on Monday. Its stock has been sliding since its second day of trading after popping 40% on its first day. After Monday’s slide, OnDeck’s shares are just 3% above the company’s IPO price.

Meanwhile, Lending Club’s shares are trading around $21 a share, up 40% from its IPO price, but down 24% from its post-IPO high."

[Chambo]

Last Price
$14.7601
Day's Change
-$1.3099 -8.15%
Day's Volume
1,099,883

[mcaguru]

Now this is sweats on Meyers account.. I forgot my password and am too lazy to call Sean.. Matt, You could not have said it any better. The downward spiral on this stock is not only bringing joy to my heart and tears streaming down my laughing face... By the time the ceo gets to sell his stock he'll be lucky if its above 4 bucks a share.. Lucky. Short this ***** now and forever.

[mcaguru]

Sean you're the best! Sweats out, Meyer IN!

[Sean Cash]

hahaha

[Mmarano]

Thanks Buddy. Appreciate that.

[isaacdstern]

Mikey Sweats!!!!!!

[Mmarano]

Very Sweaty..

Mikey Sweats!!!!!!

[ADiamond]

why is the ondeck stock down...? One of you financial guys explain it to me...

here it is with fancy symbols for those who dont do too well with numbers.

for those who didnt study basic accounting 101, when you have a number in (parenthesis) it means negative.

[Sean Cash]

OnDeck Earnings call is Feb 23rd at 5pm. We should get the whole forum on the call lol. Call-in info below:

The event will be webcast live on the company's Investor Relations website or can be accessed toll free by dialing (877) 201-0168 for calls within the U.S, or by dialing (647) 788-4901 for international calls, and using conference ID 71535376.

[channin19]

OnDeck Earnings call is Feb 23rd at 5pm. We should get the whole forum on the call lol. Call-in info below:

The event will be webcast live on the company's Investor Relations website or can be accessed toll free by dialing (877) 201-0168 for calls within the U.S, or by dialing (647) 788-4901 for international calls, and using conference ID 71535376.

OnDeck should hire Mike Francesa right now to handle this

[Mmarano]

Beware of the dark!!!!!!!!!!!!!!!!!!!!!!!!

ondeck should hire mike francesa right now to handle this

[isaacdstern]

OnDeck Announces Date Of Fourth Quarter And Full Year Earnings Conference Call
http://finance.yahoo.com/news/ondeck...211000398.html

[isaacdstern]

What’s up (or down) with OnDeck? [ONDK]
http://debanked.com/2015/01/whats-up...h-ondeck-ondk/

[bizloanbroker]

Cant wait for their earnings, the stock will go to $5!

[Sean Cash]

Just a reminder that if you'd like to join OnDeck's Q4/2014 earnings call live at 5pm EST today (less than 90 mins from now), you need to register here: http://event.on24.com/r.htm?e=929476...EB1691E0CF8AE8

[isaacdstern]

http://finance.yahoo.com/news/ondeck-reports-fourth-quarter-full-211100547.html?.tsrc=applewf

[Sean Cash]

OnDeck reported a GAAP net loss of $4.3 million, or $0.13 per share, for the quarter which included the adverse impact of a $2.1 million non-cash charge related to the increase in fair value of warrants outstanding prior to the IPO.

Provision for loan losses during the fourth quarter of 2014 increased to $20.4 million, up from $10.3 million during the year ago period, primarily as a result of the growth in originations.

[isaacdstern]

Ouch

[Chambo]

it's back up over 19....