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06-23-2015, 03:31 PM #10
- Join Date
- Nov 2014
- Location
- NYC
- Posts
- 21
Impressive, but considering that ONDK had $56MM(~12-20%) of its new originations as "unpaid principal rollover" in Q1 15' I wonder how much of the referenced data is simply renewal business. And if it is a significant amount, as most in the industry would expect, then the numbers are not as rosy as they look. There's a reason their stock is in the trash, and I am not sure it will reverse itself anytime soon.
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