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Sydnee Gatewood
Sydnee Gatewood
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Ron Baron Comments on LendingTree

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July 29, 2020 | About:
LendingTree, Inc. (NASDAQ:TREE) operates an online marketplace that connects consumers with financial institutions to compare insurance, mortgages, credit cards, personal loans, and other financial products. Shares detracted from performance in the quarter due to headwinds from the COVID-19 pandemic and related macroeconomic pressure. Management expects a significant revenue decline in the near term due to lower demand from both lenders and consumers and less available capital for lending. We exited the position.

From Ron Baron (Trades, Portfolio)'s Baron Growth Fund second-quarter 2020 shareholder letter.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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