Author Topic: Bose-Einstein Condensates  (Read 3798 times)

nonattender

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Bose-Einstein Condensates
« on: July 09, 2015, 04:04:48 PM »
« Last Edit: July 11, 2015, 03:31:09 PM by nonattender »
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rawraw

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Re: "Hidden" LC Loan Volume?
« Reply #1 on: July 09, 2015, 05:37:55 PM »
I think they disclose the gross volume, but not what makes up the mystery bucket

nonattender

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Re: "Hidden" LC Loan Volume?
« Reply #2 on: July 09, 2015, 06:09:29 PM »
*poof*
« Last Edit: July 11, 2015, 03:12:36 PM by nonattender »
A little nonsense now and then is relished by the wisest men.

rawraw

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Re: "Hidden" LC Loan Volume?
« Reply #3 on: July 09, 2015, 08:49:55 PM »
Peter did a post on it, that I can't find, that discussed the growing volume of Policy 2 loans.  I guess they removed it last year and I found these related posts:

It used to be known as Policy 2 loans:
http://www.lendacademy.com/policy-code-2-loans-lending-club/
http://www.lendacademy.com/lending-club-removes-data-fields/

Also, I've never looked but the Cash Flow statement may hold some clues.  You could also see if their balance sheet of loans is growing at the same rate of consumer loans.  if its not, may be another clue

nonattender

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Re: "Hidden" LC Loan Volume?
« Reply #4 on: July 09, 2015, 09:07:34 PM »
Hmmm... I'll keep looking...  No bigfoot sightings, though?  You're sure?

It's not that I've found anything, mind you.  I'm just curious, that's all...

A little nonsense now and then is relished by the wisest men.

nonattender

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Re: "Hidden" LC Loan Volume?
« Reply #5 on: July 10, 2015, 10:40:33 AM »
*poof*
« Last Edit: July 11, 2015, 03:00:19 PM by nonattender »
A little nonsense now and then is relished by the wisest men.

rawraw

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Re: "Hidden" LC Loan Volume?
« Reply #6 on: July 11, 2015, 12:07:38 AM »
I wonder if you could claim they are providing material nonpublic information to some about activity in other loan segments interquarter without required Reg FD disclosures.  Seems like a lawyer could find something there.  People like Anil have actionable data the rest of us don't. 

SeanMCA

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Re: "Hidden" LC Loan Volume?
« Reply #7 on: July 11, 2015, 12:12:51 AM »
Thanks!  I knew the truth was out there (or at least a partial mosaic thereof)...

I'm not particularly interested in the data part of this, but can you tell me if the business program and the patient/medical are separate,
on the investor side?  IE, are they part of just one program and have you gotten a look at those 12-84 month 0%-for-a-while medicals?

On backing volumes out via origination revenue/expenses, one of the things that makes it particularly hard to extrapolate is that these
loans have variable origination fees and the programs, likely, if history is any guide, no need to confirm/deny, have novel fee structures.

For example, in one part of the 10-Q mgmt discussion, I note that they explicitly say origination fees can be >6% for some of the loans,
the loan amounts can be $499 to $50,000 (which apparently necessitated originating through both NBT Bank & Comenity Capital Bank),
and rates are sometimes "variable" (not including just the 0% introductory APR -> non-zero APR variability), so booking is a hard count.

The bigfoot question is:  Is there any way to "follow along" and measure channel growth in either biz or med (etc?) closer to "realtime",
as we're, loosely, able to do with the primary consumer credit market...?  That's the (percentage of the) holy grail for which I'm looking.

You'd think that shareholders would deserve to know these basic things...
I'm a merchant cash advance veteran exploring the p2p lending waters.

nonattender

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Re: "Hidden" LC Loan Volume?
« Reply #8 on: July 11, 2015, 01:55:34 PM »
*poof*
« Last Edit: July 11, 2015, 03:16:27 PM by nonattender »
A little nonsense now and then is relished by the wisest men.

nonattender

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Re: "Hidden" LC Loan Volume?
« Reply #9 on: July 11, 2015, 02:32:04 PM »
*poof*
« Last Edit: July 11, 2015, 03:00:49 PM by nonattender »
A little nonsense now and then is relished by the wisest men.