NYSE:LDIDiversified Financial
loanDepot (LDI) Stock Holds Near $1 As Liquidity Questions Linger
loanDepot stock barely flinched after earnings, slipping just 0.9% to close near US$1, even though the headline story was a sharply smaller quarterly loss. Net loss narrowed to US$4.5m in Q2 on roughly US$295m of revenue, a marked improvement from the heavy red ink investors saw at the start of the year.
The short term tape still looks bruised, with the share price down double digits over the past month. Yet the earnings call focused on a longer game, with management emphasizing rising gain...