Ondeck Stock
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  1. #1
    Senior Member Reputation points: 99426
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    No but a corporate turnaround artist could buy it and force the current management out.

  2. #2
    Senior Member Reputation points: 338265
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    Quote Originally Posted by MCNetwork View Post
    No but a corporate turnaround artist could buy it and force the current management out.
    Again...why
    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

  3. #3
    Senior Member Reputation points: 12169
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    Quote Originally Posted by kevinhenry0527 View Post
    Again...why
    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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