cashnocredit Posted January 15, 2015 Posted January 15, 2015 Interesting partnership. Signs of things to come? LC represents a threat to traditional lending channels in much the same was as Amazon v brick and mortars. it will be an interesting fight amongst the financial Titans. Quote
GR8WhiTE Posted January 19, 2015 Posted January 19, 2015 Pretty typical IPO pattern. +1 just a lot of profit taking and shaking out the weak holder. It takes at least a year to get some pattern going after an IPO debuts. Overall, I think LC will do great in the long run. Quote
cashnocredit Posted April 15, 2015 Posted April 15, 2015 As an aside, LC's criteria of FICO >= 660, 3 yrs. history, minimum inqs. for a loan to be put in the public pool suggests that peeps meeting that criteria or better probably get a pretty good deal. For those not meeting it there are loans offered to private (accredited) investors and I would expect that market to have significantly higher interest rates as access to funds are more restricted. I haven't really scrutinized the filings to validate that hypothesis so take it as just a thought. Quote
mrjuggalo9er Posted April 15, 2015 Posted April 15, 2015 As an aside, LC's criteria of FICO >= 660, 3 yrs. history, minimum inqs. for a loan to be put in the public pool suggests that peeps meeting that criteria or better probably get a pretty good deal. For those not meeting it there are loans offered to private (accredited) investors and I would expect that market to have significantly higher interest rates as access to funds are more restricted. I haven't really scrutinized the filings to validate that hypothesis so take it as just a thought. Prosper has easier terms and higher interest. ..this goes to prove your point Quote
GR8WhiTE Posted April 16, 2015 Posted April 16, 2015 I think the growth potential is still there. IPO's in general though, you can't catch feelings for them. In and out. Some are worth holding though. I had Visa @ 40. I dumped it @ 60. It would've been nice to have it years later @ 250 or a 4 to 1 split would've been nice too. Which I JUST seen!!! Dam man. 65 is nice for Visa. Don't sleep on Disney guys. Quote
cv91915 Posted April 16, 2015 Author Posted April 16, 2015 I'm planning to hold this stock until the end of time, just because. I was only able to invest $3,750, so it's basically a conversation piece. Quote
cv91915 Posted July 16, 2015 Author Posted July 16, 2015 Lending Club is now trading below its $15 IPO price. I'm holding onto my few shares for the entertainment value. Quote
cv91915 Posted May 1, 2016 Author Posted May 1, 2016 Lending Club is now trading below its $15 IPO price. I'm holding onto my few shares for the entertainment value. Closed yesterday at $7.90. Quote
mrjuggalo9er Posted May 1, 2016 Posted May 1, 2016 Lending Club is now trading below its $15 IPO price. I'm holding onto my few shares for the entertainment value. Closed yesterday at $7.90. Are you now is the time to buy Quote
cashnocredit Posted May 11, 2016 Posted May 11, 2016 Lending Club has been imploding, CEO abruptly replaced, the result of a large, conflict of interest discovery. http://www.sec.gov/Archives/edgar/data/1409970/000140997016002096/q116form8-ker.htm http://fortune.com/2016/05/10/lendingclub-financial-crisis/ Lending Club CEO Renaud Laplanche failed to disclose a personal interest in Cirrix Capital, despite knowing that LendingClub was buying a 15% stake in the entity for $10 million. Quote
cv91915 Posted May 11, 2016 Author Posted May 11, 2016 Lending Club has been imploding, CEO abruptly replaced, the result of a large, conflict of interest discovery. http://www.sec.gov/Archives/edgar/data/1409970/000140997016002096/q116form8-ker.htm http://fortune.com/2016/05/10/lendingclub-financial-crisis/ Lending Club CEO Renaud Laplanche failed to disclose a personal interest in Cirrix Capital, despite knowing that LendingClub was buying a 15% stake in the entity for $10 million. Read about that earlier this week. I'm still holding my shares for entertainment purposes. Quote
cashnocredit Posted May 11, 2016 Posted May 11, 2016 (edited) Lending Club has been imploding, CEO abruptly replaced, the result of a large, conflict of interest discovery. http://www.sec.gov/Archives/edgar/data/1409970/000140997016002096/q116form8-ker.htm http://fortune.com/2016/05/10/lendingclub-financial-crisis/ Lending Club CEO Renaud Laplanche failed to disclose a personal interest in Cirrix Capital, despite knowing that LendingClub was buying a 15% stake in the entity for $10 million. Read about that earlier this week. I'm still holding my shares for entertainment purposes. I'm about to pay much more attention to this. I like good deals. I'm not saying this is one until I dig into the weeds but it reminds me of MSTR, a dot bomb circa 2001 that IPOed and declined over 99.5% from eff'ed up stuff that smells similarly. But they were basically a good company. Got in near the low when their fundamentals turned around. The street is amazingly ignorant at times and the chart was so bad that the fundamental improvements were not recognized by investors until they got so strong they could no longer be ignored. Since the low over 10 years ago the stock has climbed over 5,000 %. It's now a fairly normal tech and so hasn't been of interest to me in years. Wouldn't surprise me to see this go much lower. Especially if the financial sector, which is a bit bubbly right now, goes South. Edited May 11, 2016 by cashnocredit Quote
hegemony Posted May 17, 2016 Posted May 17, 2016 http://www.usatoday.com/story/tech/news/2016/05/16/lending-club-justice-department-subpoena-sec/84465618/ Quote
cashnocredit Posted May 17, 2016 Posted May 17, 2016 http://www.usatoday.com/story/tech/news/2016/05/16/lending-club-justice-department-subpoena-sec/84465618/ A DoJ initiated action is exceptionally rare for public companies. The DoJ normally is interested in federal criminal matters. The vast majority of government actions re security issuers are by the SEC which has only civil authority. Even those few cases the DoJ takes up are almost always after an initial SEC investigation which determines things are so egregious as to warrant criminal investigation. But there was no prior SEC investigation. There's a standard letter they send and it's normal practice for the company to disclose it in a filing. Quote
dansamy Posted May 17, 2016 Posted May 17, 2016 Well, until today, I had a small personal loan with LC. I mailed my final payoff last week & it posted today. Hopefully, they don't have a meltdown of Enron proportions. Maybe they can pull their schitt together. Quote
cashnocredit Posted May 17, 2016 Posted May 17, 2016 (edited) Well, until today, I had a small personal loan with LC. I mailed my final payoff last week & it posted today. Hopefully, they don't have a meltdown of Enron proportions. Maybe they can pull their schitt together. I don't see anything remotely like Enron's off books crap. Conflict of interest shenanigans with principals investing in a major buyer LC sells debt to w/o disclosure. All depends on whether the deals they made were really not more advantageous then those of other entities similarly situated. Edited May 17, 2016 by cashnocredit Quote
dansamy Posted May 17, 2016 Posted May 17, 2016 Well, until today, I had a small personal loan with LC. I mailed my final payoff last week & it posted today. Hopefully, they don't have a meltdown of Enron proportions. Maybe they can pull their schitt together. I don't see anything remotely like Enron's off books crap. Conflict of interest shenanigans with principals investing in a major buyer LC sells debt to w/o disclosure. All depends on whether the deals they made were really not more advantageous then those of other entities similarly situated. True. Sometimes watching big business shenanigans makes me shake my head. Hopefully, they do get everything all pulled together & cleared up. I think the basic premise of P2P lending is a good idea. Definitely useful in certain situations. Quote
mrjuggalo9er Posted May 17, 2016 Posted May 17, 2016 Sales are still going up, I'll be a buyer at the $2.00 or less range 😂 Quote
hegemony Posted March 10, 2017 Posted March 10, 2017 ouch. I heard someone bragging about getting SNAP... pete and repete... Quote
IndyPoolPlayer Posted March 10, 2017 Posted March 10, 2017 OT - but just think if one had bought into AAPL right after Gil Amelio was shown the door by the board back in '97 (?), and they were begging Steve Jobs to come back. Stock was around $8 at that time. Quote
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