I bought more Lending Club (LC) today for the following reasons;
- San Bernadino shooter borrowed money from Prosper, regulators interested which makes for great press but doesn't have real impact on long term viability of sector. As Laplanche said, shooter could have borrowed money from any bank. So good buy opportunity.
- Laplanche quoted in Inc saying LC didn't go public for a year but for the long term.
- Lending Club's growth rate of 104% makes it faster growing, $1B+ startup according to Laplanche.
- Lending Academy cites Lending Club and Proper as two main player but Lending Club much bigger.
- Lending Club became profitable last quartner.
- Lending Club market cap down to $3.14B compared to JPMorgan at $204B.
Price $8.49
Trade/Portfolio: 1.06%
Position/Portfolio: 5.32%
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