Ellie Mae, Inc.
ELLI
position
long
Alex Sacerdote
Thesis
Ellie Mae is positioned to capture a significant market share among larger mortgage companies that have not yet adopted their systems. With current margins around 20%, there is potential for sales to double or triple, leading to much higher operating margins.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The potential for increased market share and margins remains valid, but without evidence of actual performance or market developments, the outcome is uncertain.
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