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$SOFI five years ago:
• $18/share
• 1.9M members with ~$360M gross profit run-rate
$SOFI today:
• $18/share
• 13.7M members with ~$2.2B gross profit run-rate
Same price. Very different business.
$SOFI five years ago:
• $18/share
• 1.9M members with ~$360M gross profit run-rate
$SOFI today:
• $18/share
• 13.7M members with ~$2.2B gross profit run-rate
Same price. Very different business.
@EndicottInvests@longinvest32 I missed that part. Makes me feel a little better. I am a long term holder, I just know how the market reacts when they think they have already been diluted and it turns out dEPS is much lower. Let’s hope they don’t use it and just debt/prepayment finance.
@EndicottInvests@longinvest32 “Our at-the-market equity program, which we have not used at all to date, remains an additional alternative for opportunistic capital.” - This is what spooked the street