LendingClub Stock: Cheap, And Likely Getting Cheaper
LendingClub reported solid Q4 earnings and guided up for 2016.
Fears over the impact to the online lending marketplace in the next recession appear misplaced.
The stock is cheap, but likely gets cheaper.
The interesting news of the week is that a beaten down online lending marketplace plans a $150 million share buyback. Due to a large level of pessimism, LendingClub (NYSE:LC) falls into my general theme of stocks beaten down to extreme lows despite obvious growth potential.