Results 1 to 25 of 108
Hybrid View
-
05-16-2017, 10:50 AM #1
- Join Date
- Dec 2013
- Posts
- 4,713
Ondeck Stock
ONDK stock cracks an all time LOW
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
05-16-2017, 11:07 AM #2
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
way to go Noah, 25 to 3......great short.
-
05-17-2017, 03:39 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
new low ... -0.190 (-5.28%)
Last edited by mcaguru; 05-17-2017 at 03:43 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
05-17-2017, 03:51 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
I am still short.....
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
05-17-2017, 04:32 PM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
The market is closed.....it will stop going down now....
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
05-18-2017, 01:37 PM #6Karen37aGuest
Big investors /hedge funds who have a track record of forcing change are pressing for them to either.
a)Reduce costs ...$200 million to break even yearly( in operating costs alone)
b)replace leadership.
c) explore the possibility of a sale
Mario Cibeili and also ejf.
They also have been downgraded againLast edited by Karen37a; 05-18-2017 at 01:48 PM.
-
05-18-2017, 01:42 PM #7
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
-
05-18-2017, 01:46 PM #8Karen37aGuest
http://www.prnewswire.com/news-relea...300439641.html
They planned to vote against company directors at meeting.Last edited by Karen37a; 05-18-2017 at 01:53 PM.
-
05-18-2017, 01:52 PM #9
- Join Date
- May 2017
- Posts
- 170
It didn't come close to passing. This is a buy hand over fist right now.
-
06-10-2017, 08:16 AM #10
- Join Date
- May 2017
- Posts
- 170
-
05-18-2017, 01:55 PM #11Karen37aGuest
That could be true but I do know the investing group (s) have a fiduciary responsibility to their clients.
And Rich people do not lose money gracefully. I am sure the hedge funds want a correction, they have a huge stake.
now let's see it correct. Stranger things have happened. I am not on the inside to know the moves they are making.They did it before they can do it again.
Welcome to the DF.Last edited by Karen37a; 05-18-2017 at 02:01 PM.
-
05-18-2017, 02:38 PM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Still short....not covering. Short ELVT and LC too.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
05-22-2017, 10:03 AM #13
- Join Date
- Jul 2015
- Posts
- 168
Be careful about being short a company like this at this level....all you need is a rumor that a big bank is looking into a bargain acquisition to start a panic squeeze.
-
05-22-2017, 10:10 AM #14
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
05-22-2017, 10:24 AM #15
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
No but a corporate turnaround artist could buy it and force the current management out.
-
05-22-2017, 10:26 AM #16
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
05-23-2017, 09:25 AM #17
- Join Date
- Jul 2015
- Posts
- 168
My point is NOT that Ondeck is a 'smart buy' for any bank, point is all you need is a credible RUMOR that someone is looking at it to cause a short covering and speculative pop higher. And I could easily see those rumors starting to propagate. Beyond that, traditional banking is so competitive that a C level executive might think they can spin the Ondeck data, customer base, tech, personnel, blah blah and add value to the acquirer. We know a lot of these guys are just trying to drive headlines in order to pop their own share prices in the short term so someone might take the risk and plug in LIBOR+ type Cost of Capital instead of ONDK's 5.9%.
-
05-22-2017, 10:29 AM #18
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Fire management. Lay off 80% of the workforce. Increase loan rates and shorten terms. Cut back on all expenses. Sell off all non-performing loans. You'll see the stock start to recover.
-
05-22-2017, 10:37 AM #19
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
So create an actual profitable lending platform vs. a "Fin Tech" business. Unfortunately it is probably too late for that....they will run out of money before they can turn that ship around. You would be hard pressed finding new equity money to support it since there is a lot of scorched earth.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
05-23-2017, 09:30 AM #20
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Support for that stock is at $3.40. Looks like it's starting to trend upwards. Will break $4.
-
05-23-2017, 09:40 AM #21
- Join Date
- Oct 2016
- Posts
- 4,318
Slight uptick after all-time low bringa stock price back to where it was two weeks ago.
-
05-23-2017, 02:30 PM #22Karen37aGuest
Could be a dead cat bounce.
I think they state that they funded 6 billion in 10 years.That's a lot of funding, renewals and referral partners. If something didn't seriously go wrong on the numbers ( big short). I would think they can recover. Depends on new equity $$ like some said and existing funding allocations, returns, renewals and default ratios etc.
I do not think that banks can really buy these companies because of the Dodd-Frank act and Volcker rule, usuary laws etc. It's like separation of church and state. Banks/Private money/hedge funds/credit lines
You can put hedge fund managers in a fiduciary capacity over additional things then all those "demo nums exception rules" and "de minimus holdings" can be broken and you are personally liableLast edited by Karen37a; 05-23-2017 at 03:11 PM.
-
06-10-2017, 10:43 AM #23Karen37aGuest
edit
Last edited by Karen37a; 06-10-2017 at 02:44 PM.
-
08-07-2017, 11:08 AM #24
- Join Date
- Oct 2016
- Posts
- 4,318
-
06-10-2017, 02:10 PM #25Karen37aGuest
edit
Last edited by Karen37a; 06-10-2017 at 02:44 PM.
Similar Threads
-
1st Position OnDeck Refi Wanted. *Must Beat OnDeck* A++ Paper
By AMERICApital1 in forum Deal BinReplies: 10Last Post: 03-15-2017, 03:43 PM -
OnDeck Launches An Industry First: OnDeck Term 24, A New Loan Product Offering Amount
By isaacdstern in forum Merchant Cash AdvanceReplies: 9Last Post: 05-04-2016, 10:58 AM -
Stock as Collateral
By Zach in forum Deal BinReplies: 4Last Post: 04-22-2016, 11:57 AM -
ONDK Stock is Getting Pulverized
By MCNetwork in forum Merchant Cash AdvanceReplies: 49Last Post: 02-24-2016, 04:42 PM -
ondeck stock
By mcaguru in forum Merchant Cash AdvanceReplies: 10Last Post: 12-22-2014, 11:54 AM