- 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.
Ellie Mae: Growing In A Declining Industry
October 31st, 2017 · No Comments