To: Victor Lazlo who wrote (85201 ) 11/25/1999 12:13:00 PM From: H James Morris Respond to of 164684
<<I almost put some $$ in eeln shortly after the ipo, but chickened out after looking at their fundamentals,>> Victor, If fundamentals were important in investing this last few years the new economy $billionaires would still be parking cars. Eeln was a good investment for me while it had momentum, but then I sold it. I tried a second time, but walked away even. Ever since Eeln took the cover of business week a while ago its been toast . Did you read it? Ps BTW Kerrigan @ DLJ still has a price target of 70 on Eeln. Maybe we should buy it next year.;-) Did you know that DLJ is the largest elephant invested in Eeln? Now, that wouldn't be why they still hype the stock? Would it? <<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.>>