Friday, January 4, 2013

2012's #1 Gainer on the New York Stock Exchange: Ellie Mae (ELLI)

I don't like Big Board issues having four letter symbols, no sir.
Why, back in my day, one letter was good enough. We'd watch the tape and: T, there's your telephone company; X, steel; N was for nickel and R was for rubber.
Some of the whippersnappers like GM might have two letters but as of '26 they hadn't passed Ford in total production.

Then the world turned upside down.
Three letters got popular and they were bad enough but then came four and then in 2012, ELLI? On top of the leaderboard?

From HousingWire:
Trailblazer of the year: Ellie Mae stock up 391%
Understanding the needs of customers, trends in the market and execution of plans were key factors that drove mortgage lender Ellie Mae ($26.60 -0.51%) to the highest percentage gain of any New York Stock Exchange Big Board stock in 2012, they claim.
The company was the number-one gainer, up 391%, with shares going from under $6 to more than $30 at one point. At year-end, shares were in high $20s. In 2011, Ellie Mae went public and priced its initial offering between $9 and $11 per share.
Here is a Yahoo! Finance screen shot of the last year of Ellie Mae stock:

"We performed very well as a stock — that’s obviously a function of how the market and investors perceive the value of the company, its performance and its growth,” chief operating officer Jonathan Corr of Ellie Mae told HousingWire....MORE
No, don't like it, don't like it t'all.