Lending Club anyone?

I do like the crowd-sourced solutions which Internet makes available to all of us. Also and especially when it comes to finance. In particular I am interested in Lending Club, a peer-to-peer lender. Due to the lack of history (company only went public 6 months ago or so) it is not easy to analyse. To some extent it is also kind of a story stock, loss generating, something which does not necessarily fit into Saul’s approach. But growth figures from last quarter (revenue rose to $81 million from $38.7 million) point in the direction that there might be more than just a story…
Any views?

Thomas

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Thomas,

Due to the lack of history (company only went public 6 months ago or so) it is not easy to analyse.

http://www.sec.gov/Archives/edgar/data/1409970/0001193125144…

For information and 5 years of financials look at the S-1.

Chris