Wednesday, June 17, 2015

Buy Lending Club (LC)

I added to my Lending Club (LC) position for the following reasons.
- The end of the lock-up period was June 9th so selling is artificially high.
- Upgrades at Morgan Stanley and Pacific Crest.
- No change to Lending Club's position as 800lb Gorilla of peer-to-peer lending.
- CEO Renaud Laplanche appears to be workaholic and investing heavily in long term.

Price: $17.37 
Trade/Portfolio: 1.12% 
Position/Portfolio: 6.70%