I am no expert on lock ups, but it seems that fear and greed always rule. So when price goes up, most don't sell after lock up. But if this stays down, some may want to make sure they get cash as for employees ONDK probably their latest asset. Have not heard anything on credit, but I audited banks for a long time and rapid loan growth is a red flag. Seems they are not being conservative on loan loss provision but I want to see 10 Q disclosure before I get concerned
but small projected growth kills the stocks of new tech companies. They also may have some credit issues so read the 10Q carefully when it is published. Not sure, but lock up may be over in June. If so, expect some downward pressure as employees/ investors may sell given fears raised by this drop. If not, things may look good after early July
growth has been impressive and so is the net yield. But I am curious about the increase in "repeats" vs "new " originations and any possible effect on delinquencies. It seems if i were a borrower and in some trouble, I would renew or increase the loan just before the due date. And I hope the Company does not let any delinquent borrower renew a loan and then become "current"
does anyone know the answer to this risk?
I don't yet have a position in ONDK but still reading S 1 .Based in my bank audit background it seems they have a ton of credit risk,and are compensated for most of it.My concern is whether they can maintain losses at10% or less if they grow significantly. If not then this is not a good play
LC has limited credit risk and may have a lot more upside and less downside
HTH has done well for us, but I am getting concerned about exposure to energy loans. we have had a lot of growth here and I am hoping we are well protected. does legacy texas have much exposure to energy loans?
earnings are low and bank seems to be managed very conservatively . We are selling near book value with a great( low) leverage ratio. My time in bank M&A leads me to believe that we could easily get $50 or more . That price would be near 1.5 X book value( and tangible BV) , 9% of assets and less than a 4% deposit premium
Not sure what Board thinks about best return to shareholders but I think we are very near an optimum time to sell this bank: high regulatory costs, several willing buyers, strong stock market