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Technology Stocks : E Loan Inc -EELN
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To: Robert Rose who wrote (277)7/13/1999 10:17:00 PM
From: MSM   of 817
 


E-loan closed about 1.5B in loans since inception to IPO which is about one year. If you figure a profit of 1%(eventually) that is $15 million. Shares authorized-14 million (3.5 million issued so far). That is around $1/share. For a company which can easily grow 50%/yr initially atleast a p/e of 50-100 is quite reasonable.

I think this is a real business

All projections imho

regards
ms
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