Sounds good. But what has been going on with the share price since the beginning of March, bad figures?
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@ChrisBizz @Vic has explained it well here:
https://getqu.in/xdmxkZ/ https://getqu.in/xdmxkZ/
Furthermore, some hedge against the issue of regional banks and high interest rates, do not believe that $Sofi can maintain growth, evaluate the company differently and believe in a high credit default risk, falling demand, etc. It has to be said that Sofi customers have a very high and good credit rating (FICO score)
On the subject of valuation:
Many rate $Sofi only as a bank (which it basically is), but not for too long. Do not believe in sustainable profitability. If it weren't for Galileo, Technisys .... If growth continues to be generated here and 1-2 big fish are landed and profitability continues to be confirmed in the next quarterly figures, this could lead to a turnaround. See also :
https://ibsintelligence.com/ibsi-news/sofis-galileo-the-bancorp-partner-to-offer-real-time-payments/
I think the year 2024 will be very significant if it closes on a positive note. As a rule, $Sofi also sets its guidance very low in order to exceed it again and again, which it has now done again on the basis of the higher interest rate environment.
Of course, if the market environment deteriorates and the short rate continues to rise, prices could fall sharply further, but I am curious to see what happens if the shorts have to cover their positions and $Sofi continues to do what it has done every quarter for the last 2-3 years. Growth, better margins and expansion of the one stop store
Take a closer look to get some insights and get an idea. There are some Youtubers who follow $Sofi closely and give regular updates.
Lg BamBam
https://getqu.in/xdmxkZ/ https://getqu.in/xdmxkZ/
Furthermore, some hedge against the issue of regional banks and high interest rates, do not believe that $Sofi can maintain growth, evaluate the company differently and believe in a high credit default risk, falling demand, etc. It has to be said that Sofi customers have a very high and good credit rating (FICO score)
On the subject of valuation:
Many rate $Sofi only as a bank (which it basically is), but not for too long. Do not believe in sustainable profitability. If it weren't for Galileo, Technisys .... If growth continues to be generated here and 1-2 big fish are landed and profitability continues to be confirmed in the next quarterly figures, this could lead to a turnaround. See also :
https://ibsintelligence.com/ibsi-news/sofis-galileo-the-bancorp-partner-to-offer-real-time-payments/
I think the year 2024 will be very significant if it closes on a positive note. As a rule, $Sofi also sets its guidance very low in order to exceed it again and again, which it has now done again on the basis of the higher interest rate environment.
Of course, if the market environment deteriorates and the short rate continues to rise, prices could fall sharply further, but I am curious to see what happens if the shorts have to cover their positions and $Sofi continues to do what it has done every quarter for the last 2-3 years. Growth, better margins and expansion of the one stop store
Take a closer look to get some insights and get an idea. There are some Youtubers who follow $Sofi closely and give regular updates.
Lg BamBam
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•@BamBamInvest Ok I'll do that, thanks for your detailed answer 👍
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•@ChrisBizz with pleasure ! As I said, you should read up and research and not buy blindly. Create your own picture, maybe open a watch post if you like it and buy when you have made a decision and your investment period is long enough, preferably in tranches. $Sofi is also heavily traded. ☺️
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