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Ellie Mae: Growing In A Declining Industry

October 31st, 2017 · No Comments

  • The company has a near unassailable market position and keeps on gaining market share.
  • However, we think for the foreseeable future, tailwinds and headwinds (mostly from the mortgage market) will roughly cancel each other out.
  • Therefore, we see the shares as range-bound, at least for now.
  • There is also downside risk if the bond market sells off.

Source: Ellie Mae: Growing In A Declining Industry – Ellie Mae, Inc. (NYSEMKT:ELLI) | Seeking Alpha

Tags: ELLI