One Investment Firm Found a Silver Lining in the Mortgage Industry: Software

New York Times, Feb. 13, 2019–Tom Buerkle
Investment firm Thoma Bravo is paying $3.7 billion to acquire the Pleasanton, Calif.-based Ellie Mae. That’s more than 25 times the software company’s projected earnings before interest, taxes, depreciation and amortization for this year, according to estimates collated by Refinitiv, and a nearly 50 percent premium to its stock’s latest 30-day closing average. (MBA mention)