Practice Management Channel. It may be supplied either rough-sawn, or surfaced on one or more of its faces. Cathie Wood's latest fintech purchase lumber products stocks 2021 a surprise. Canadian Solar Inc. Can you just follow your plan already? Get recognition from our millions of users. TWLO: Here's anoth

Besides pulpwood, rough lumber is the raw material for furniture-making and other items requiring additional cutting and shaping. It is available in many species, usually hardwoods; but it is also readily available in softwoods, such as white pine and red pine, because of their low cost. Finished lumber is supplied in standard sizes, mostly for the construction industry — primarily softwood, from coniferous species, including pine, fir and spruce collectively spruce-pine-fir , cedar, and hemlock, but also some hardwood, for high-grade flooring.

REIT Recent Signals. Recent News for Lumber Stocks. More about Lumber Browse All Tags. Mike's Notes. TWLO: Here's anoth ABNB: An interesti CGNT: Not a chart TDOC: One of sever The move may have surprised some — after all, LendingClub has fallen quite out of favor over the past few years. The stock price even fell below its book value last year amid COVID -- a valuation usually seen in mature, less-profitable banks on the decline, not a fintech disruptor promised by the likes of Wood.

LC data by YCharts. And yet, Wood bought LendingClub on the heels of its earnings report last week. While this guy isn't so surprised , the market seems to have been caught off guard, with LendingClub's stock price surging in the aftermath. It may seem like ancient history, but LendingClub initially came to market with the promise of disruption.

The company's mission was to shake up the personal loan space. Using big data and advanced analytics, LendingClub sought to underwrite higher-interest loans that banks wouldn't touch in the wake of the financial crisis.

Additionally, since it wasn't a traditional bank with an extensive branch network, the company had lower overhead costs, theoretically allowing it to lend to customers at lower rates than they would otherwise get from credit card issuers. Just prior to the IPO, founder and CEO Renaud Laplanche said, "we feel that our competitive advantage compared to traditional banks is really long-lasting because, again, it is grounded in technology and cost, not something they can react to.

So what happened to LendingClub? The turning point came in May , when prior management was deemed to have violated company business practices in matching loans with buyers, in order to move more loans through LendingClub's platform and keep up growth. The ensuing revelations led to Laplanche's ousting.

In addition, LendingClub's high-interest loans began to experience increased chargeoffs later that year as the credit cycle turned down. The deadly combo caused a precipitous fall in the stock price during As shareholder lawsuits and SEC investigations piled up, the stock remained depressed for years.

That gave management ample time to reset its underwriting and business model. Additionally, LendingClub had by that point become the largest personal loan provider in the country, giving it economies of scale and tons of data to work with.

Sanborn repositioned the company by tightening credit and focusing more on prime borrowers. That slowed originations growth, and therefore LendingClub's revenue, but was necessary to instill confidence. Originally more of a peer-to-peer lender, more institutions such as banks and asset managers began buying LendingClub's safer but lower-yielding loans. Our 20 Best Dividend Stock Picks.

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