Lending Club: There's Good News And There's Bad News

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About: LendingClub Corporation (LC)
by: Bill Zettler
This article is exclusive for subscribers.
Bill Zettler
Long only, Deep Value, contrarian
Summary

Lending Club has been going down in price since 2015.

Lending Club has serious government compliance issues.

At 1/5th its 2015 price is Lending Club a good turnaround candidate?

Lending Club (LC) is what's called a "Financial Tech" stock which basically means a company that uses the internet to conduct financial business. They are mostly companies that have gone public over the