Ellie Mae (NYSE:ELLI)

CAPS Rating: 5 out of 5


Player Avatar NiksurfsInvestmt (23.68) Submitted: 2/20/2013 6:23:48 PM : Outperform Start Price: $21.73 ELLI Score: +31.12

Another perfect model for SaaS.

Long and accumulating

Member Avatar NiksurfsInvestmt (23.68) Submitted: 8/6/2013 7:47:31 PM
Recs: 0

Cashed out as of yesterday

Trifecta of fundamentals have changed:
A. Job numbers weak and getting weaker (Obama-care is going to weigh heavy on this)
B. Housing prices rising so affordability is an issue
C. Interest rates continue to climb
* For good measure Mortgage Applications down month over month by 13%

Nice and well run little company but the headwinds are looking fierce up ahead.

Check please....

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