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goldminingXpert (28.70)

Lending Tree (TREE) has Dutch Elm Disease



June 10, 2009 – Comments (8) | RELATED TICKERS: DE , TREE

One of the most mysterious 5-baggers of the year with C upgrading it to strong-ripoff and a price target of 13 (you've got to be kidding me you really tried to pay in monopoly) dollars.

This company is the disaster out of the big split-up a little while back. It owns the lendingtree site and um, I think it's or something stupid like that. With mortgage applications down 75% since winter, the one-time profit they "earned" will be a strictly one-time event. Real estate is deader than a pet rock with interest rates topping 6% and this company has too much debt and will balow through the little cash it has in no time. Even if their forward earnings projections could be trusted (and they are beyond doubtful), the Forward P/E is still a jaw-dropping 40. TREE, which closed at $9.71 today, was a $1.50 stock earlier this year and it will soon be again. Citigroup should be ashamed of itself for leading sheep to the forest to get slaughtered.

8 Comments – Post Your Own

#1) On June 10, 2009 at 6:35 PM, ChrisGraley (28.52) wrote:

I beat you to that one GMX. :P

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#2) On June 10, 2009 at 6:40 PM, Seano67 (24.38) wrote:

So are you saying this is 'dead wood'? Nyuk, nyuk, nyuk...

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#3) On June 10, 2009 at 6:57 PM, goldminingXpert (28.70) wrote: picked this the same day as GMXBatteringRam. So technically we tied...I just saw it moving today and was like WTF is this and then did more digging.

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#4) On June 10, 2009 at 7:19 PM, ChrisGraley (28.52) wrote:

LOL, I forgot about your aliases.

You always seem to be a step or 2 ahead of my red thumbs.

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#5) On June 10, 2009 at 8:30 PM, d1david (28.50) wrote:

i had no idea you had a 3rd alias- how many do you really have?

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#6) On June 10, 2009 at 8:39 PM, devoish (64.79) wrote:

Nice post. One extra rec for the title.

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#7) On June 10, 2009 at 11:01 PM, goldminingXpert (28.70) wrote:

4 as explained here d1david. This is my serious profile--the others are specfic strategy profiles.

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#8) On June 11, 2009 at 12:45 AM, hiddenflem (59.87) wrote:

I applied for a loan through them a few months takers...not even one was interested in finding out more about was a real turn off to get forwarded to some site I had never heard about. Made me wonder if I had the right address. Will not use them again...

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