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05-22-2017, 10:24 AM #1
- 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.
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05-22-2017, 10:26 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,473
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
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05-23-2017, 09:25 AM #3
- 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%.
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