2024-06-30 00:21:03 ET
Summary
- Recent data leak at LendingTree can perhaps find roots in its spending on cybersecurity risk mitigation.
- The company seems to have weak brand recognition in acquiring and retaining customers, which resulted in costly sales and marketing expenses.
- Without heavy sales spending, its top line could continue to weaken, which could lead to the deterioration of all margins.
Investment Thesis
Company Overview
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LendingTree: Disproportionate Spending On Sales Vs. Cybersecurity