Vince Martin
Long/short equity, value, gambling

Enova International: Q4 Was Better, But The Concerns Aren't Gone

(click to enlarge)Source:

For what's really the first time in its history as a publicly-traded company, there was some good news for Enova International (NYSE:ENVA). Shares gained over 18% on Friday after the company finally posted a bullish quarter, beating guidance and analyst estimates in its fiscal fourth quarter.

Beyond exceeding expectations, Q4 finally showed some level of stabilization in Enova's business, with revenue and adjusted EBITDA increasing sequentially. The installment loan business appears to be growing nicely, and the company's first securitization, completed last month, provides a source of funding and perhaps takes some pressure off relative to long-term liquidity and solvency concerns.

That said, I'm not quite ready to reconsider my long-bearish stance

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details