One of the challenges in valuing elevate is that their reporting is terrible. It’s gotten worse in recent years as the company has changed its non-GAAP reporting to cover up mediocre results. Dickering with accounting practices is often treated as synonymous with fraud, but most of the time, it’s just executives trying to avoid getting […]

Elevate Credit provides a superior alternative to payday and other ultra-high interest lending products serving unbanked consumers. A combination of factors, including regulatory uncertainty, has led the market to misprice the business dramatically. I estimate Elevate is currently worth at least $10 per share and could go as high as $25 in the next few […]