Seems like we are seeing more of our kind of stocks pop up on the greatest movers list on cnn.money. It was nice to ENZ show up again....see earlier post on this stock which is now up over 5 points from our original posting.
Alas, I am going to post a DOTCOM....heaven forbid....lol. Was in Yahoo Stock Chat the other evening trying to get the word out about this website...keep those hits coming folks...when someone suggested E-Loan. I thought they were pulling my leg but I checked Morningstar and it DID fit our criteria...but hadn't made the list.
This morning, E-loan showed up on the list! Currently it is trading at $5.06 up $.37 or 7.89% on the day. According to cnn.money, "E-LOAN is a leading online provider of consumer loans, offering morgages, car loans, credit cards & small business loans."
On April 24th, EELN reported first quarter results: per the NYTimes on the web, revenues wee $36.0 million up 73% (!) from the $20.8 million reported in first quarter of 2002. Net income for 2003 was $6.3 million of $.11/share compared to $.03/share last year.
By the way I don't own any shares...but I say yet...because once again I am becoming WOWED by the results of this little company.
Five year on Morningstar.com shows steady revenue improvement from $1.0 million in 1997 to $6.8 million in 1998, $22.1 million in 1999, $35.9 million in 2000, and $68 million in 2001, with $89.7 million reported in the trailing twelve months.
The rest of the data on Morningstar is a bit spotty, but appears to be cash flow positive. This is a great growth story and deserves your attention. I am afraid I am a bit deep into margin and need to be more patient with my existing issues.
Regards again! Bob