E Loan Inc -EELN Message Board

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Technology Stocks : E Loan Inc -EELN

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To: grogger who wrote (763)	11/8/1999 1:47:00 AM
From: H James Morris	Read Replies (1) of 817

<<have any analysts made comments since earnings?>> This is what DLJ's Jamie Kerrigan had to say. But be careful because he has a price target on Pcln at 190, and Amzn at 140. <<E-LOAN (EELN: $21.25)+ 10/29/99 E-Loan Releases Q3 Results Earnings Per Share Old New P/E Ratios (FY:Dec.) 2000E $(0.99) $(0.91) NM 1999E (1.04) (1.09) NM Rating: BUY Change: None 12-Mo. Target: $70* E-Loan released September quarter results yesterday after the close, confirming EPS and revenue figures preannounced September 30. Revenue came in at $5 million, up 10.2% sequentially, and slightly lower than our original $5.2 million estimate. EPS came in at ($0.33), versus consensus of ($0.34) and our estimate of ($0.28). Management reiterated that shortfall from estimates was largely due a combination of a tough interest rate environment and a slower than expected ramp in infrastructure, causing an inability to close $1.1 million in purchased loans at the end of the quarter. CarFinance.com acquisition, (closed September 17) demonstrated nice upside, with indications that the business will contribute significantly to revenue going forward. Reiterate Buy rating. Model has greater predictability going forward. >>

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