Stock Watch: E-Loan Falls On Profit Warning

Shares of online mortgage company E-Loan (Nasdaq: EELN) fell nearly 11 percent on Thursday, dropping 2-9/16 to 21-9/16 after the company announced that it expected to lose 34 to 35 cents per share in the third quarter. Analysts polled by First Call had been expecting a loss of 29 cents per share.

E-Loan stock, which has traded as high as 74-3/8 this year, is now near its all-time low of 18-1/4. This is a company that Esquire recently billed on its cover as “the one great stock every American should own.” At this level, this stock could be worth a long, hard look.

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