Wednesday, May 6, 2015

Lending Club: Stretched Value Mutes Strong Q1 Results


Summary

  • Lending Club has reported strong Q1'15 earnings.
  • Despite raised guidance, the stock trades at valuations that are still stretched.
  • Investors should continue looking for a better entry point.
   As expected, Lending Club (NYSE:LC) produced enormous growth in Q1 that exceeded analyst expectations. Even after this growth, the issue still remains that the stock is restricted from heading higher due to the rich valuation that now sits close to $7 billion.


 Read the full article on Seeking Alpha.


 Disclosure: No positions mentioned. Please read the disclaimers page for more details.

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