[mcaguru]

ONDK stock cracks an all time LOW

[John Galt]

way to go Noah, 25 to 3......great short.

[mcaguru]

new low ... -0.190 (-5.28%)

[Hedley Lamarr]

I am still short.....

[Hedley Lamarr]

The market is closed.....it will stop going down now....

[Karen37a]

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 again

[MCNetwork]

https://www.fool.com/investing/gener...al-and-le.aspx

[Karen37a]

http://www.prnewswire.com/news-relea...300439641.html

They planned to vote against company directors at meeting.

[Jess]

It didn't come close to passing. This is a buy hand over fist right now.

[Karen37a]

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.

[Hedley Lamarr]

Still short....not covering. Short ELVT and LC too.

[Lendvo]

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.

[Hedley Lamarr]

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.

I will take my chances....... Why on earth would a bank buy this company???

[MCNetwork]

No but a corporate turnaround artist could buy it and force the current management out.

[Hedley Lamarr]

No but a corporate turnaround artist could buy it and force the current management out.

Again...why

[MCNetwork]

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.

[Hedley Lamarr]

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.

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.

[Lendvo]

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%.

[MCNetwork]

Support for that stock is at $3.40. Looks like it's starting to trend upwards. Will break $4.

[WestCoastFunding]

Slight uptick after all-time low bringa stock price back to where it was two weeks ago.

[Karen37a]

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 liable

[Jess]

It didn't come close to passing. This is a buy hand over fist right now.

I'm out now....with the former COO taking a position a with a company that is partially owned by Hamilton reinsurance I have to believe that any potential due diligence will overturn enough rocks to kill a deal. Short any spike from a buyout announcement.

[Karen37a]

edit

[Karen37a]

edit

[MCNetwork]

I think it's time to be long this stock!