April 26, 2017

Ellie Mae

We feel like a BUYER on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
ELLI (US28849P1003)

Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company's Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.  

Market: NYSE

http://www.elliemae.com/


Gain over the quarter: +0.0 % 



Fair value: $ 107
Discount: Overbought
Average yearly return: 38%
Yield: N/A
Outperformer

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