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![]() E-Loan (EELN) (Page 1)
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| Author | Topic: E-Loan (EELN) |
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InvestorGuide Daily Administrator |
Company Name (Ticker): reported, expected, same q last year E-LOAN (EELN): -$0.06, -$0.10, -$0.27 |
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Earnings Administrator |
Company Name (Ticker): reported, expected, same q last year E-LOAN (EELN): -$0.16, -$0.18, -$0.33 |
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Earnings Administrator |
Company Name (Ticker): reported, expected, same q last year E-LOAN (EELN): -$0.22*, -$0.27, -$0.32 |
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Earnings Administrator |
Company Name (Ticker): reported, expected, same q last year E-LOAN (EELN): -$0.27, -$0.29, n/a |
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InvestorGuide Daily Administrator |
E-Loan (EELN) received a $40 million cash infusion from Charles Schwab (SCH) and a handful of other venture capital firms. E-Loan also inked a separate, four-year partnership with Schwab to become the exclusive provider of online mortgage services to Schwab's 3.3 million online brokerage customers. E-Loan's stock was up 133% today. (source: Upside) http://upside.com/News/3905eb630.html |
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Earnings Administrator |
E-LOAN (EELN): -$0.28 reported, -$0.31 expected, not public same q last year. |
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InvestorGuide Weekly Administrator |
LendingTree hopes its new technology and $52 million in financing will vault it past competitor E-Loan. http://www.businessweek.com/cgi-bin/ebiz/ebiz_frame.pl?url=/ebiz/9910/ec1012.htm |
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InvestorGuide Weekly Administrator |
Bank of America is getting a stake in E-Loan for selling CarFinance.com to the online financing specialist in a deal worth about $67 million. http://www.eloan.com/s/show/press/pr082399 |
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JHirsch |
Since the IPO ended up doing quite well, What will they do with the money? Increase advertising? Have they made any statements about the direct plans for the money? Jake |
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banka |
IPO today. Priced at 14, first traded at 21, now at 42. This is interesting in that the big jump occurred after the first trade, meaning anyone could've gotten in at 21 and still doubled their money (or even more if they were able to get out at the top as it hit 51). I can't remember the last time this happened. |
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gatsby |
Also came across this news piece...Do you all think it could be an issue E-Loan will actually have to deal with? "According to [an E-Loan] filing with the Securities and Exchange Commission, EduCap has been warning the Dublin, Calif.-based online mortgage broker for about a year that E-Loan is infringing on EduCap's trademark, 'The E-Loan.' EduCap stepped up the heat this month, E-Loan says in its filing, and 'has demanded that E-Loan cease and desist all use of the trademark and has indicated that it will seek damages if the parties are unable to reach an amicable solution.' The fact that a check of numerous pages at EduCap's Web site reveals not one use of 'The E-Loan' might hurt the group's claim. But the suit is an annoyance a company doesn't want to have as its trying to raise funds from public investors." |
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rjordan |
Thanks gatsby. I read their prospectus which indicates the same. |
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gatsby |
As impressive as that is, not all is looking peachy for E-loan. Besides dropping their ipo price range, E-Loan also has only $4.1 million left in the bank, as they burned through $11.4 million in its most recent quarter. Without a hot IPO (and the constant rescheduling and price dropping shows that they are not expecting one), E-Loan needs additional financing right quick. The ipo used to be the hottest one coming, and they were going to get at least $50million...not any more. Also, E-Loan confirmed that rising interest rates are taking a toll on the company's mortgage refinancing business: "Due to rising interest rates and other factors, we expect our revenues in the quarter ended June 30, 1999 to be flat or below the prior quarter's revenue." Their revenue growth had ranged from 40% to 60% for the last three quarters, which shareholders tolerate as long as their is rapid growth. But as TheStreet.com forecasts, "Losses for a company whose revenue responds to negative macroeconomic factors, however, could be a different story." |
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rjordan |
They also has SoftBank with them. Impressive. |
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banka |
I just read that Tim Koogle (Yahoo's CEO) is on their board of directors. This tells me that (1) at least one internet genius believes in them, and (2) they'll have access to a lot of Yahoo's tricks-of-the-trade. |
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