IB Net Payout Yields Model

LendingClub: Hidden Value

LendingClub trades near the yearly lows despite generating substantial EBITDA improvements.
The company has moved 48% of the direct and indirect workforce outside of San Francisco to substantially reduce costs.
The stock trades at ~3x EV/EBITDA estimates for 2019.
LendingClub (LC) still fails to get any respect from the stock market. The company grew adjusted EBITDA by over 40% in the last quarter and the market just yawned. My investment thesis remains very bullish despite the stock not moving on very positive numbers questioning what catalyst will ever move the stock higher.
Read the full article at Seeking Alpha. 

Disclosure: Long LC. Please review the disclaimer page for more details. 


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