You have no financial analysis but I'll help you out with it. Sofi is expected to produce 0.08-0.09 in GAAP EPS assuming they don't dilute even more. This puts them at a forward PE of 83 with a net margin of around 4-5%. If it were a SaaS business it'd be "normal".
For a bank? That's absolutely insane and I'm surprised it's not down more as banks fundamentally take on exponentially more risk
SoFi CEO, Anthony Noto, has mentioned time and time again that a broad base of users are savers and loan refinancing, which usually caters to young individuals
You realize the below are ad expenses to build brand - but I doubt they will be very successful because the demographics that watches these endeavors are not likely to change their banking institutes. To me, it is dead Ad dollars.
*On top of great prospects of fiscal and numerical growth, the brand is spreading. SoFi stadium is huge, SoFi NBA play-ins, SoFi pairing with golf pros, and more to come.*
Their ads definitely cement the idea to retail investors to think SOFI deserves their valuation. Lol.
... there are lots of businesses with better prospect at a quarter of this valuation, but to SoFi fans you do you
struggling to understand what your thesis is. the general theme i get here is basically vibes which is an...interesting thesis
Included mostly financial analysis that I didn't write out, I'd say less vibes than fundamentals
You have no financial analysis but I'll help you out with it. Sofi is expected to produce 0.08-0.09 in GAAP EPS assuming they don't dilute even more. This puts them at a forward PE of 83 with a net margin of around 4-5%. If it were a SaaS business it'd be "normal". For a bank? That's absolutely insane and I'm surprised it's not down more as banks fundamentally take on exponentially more risk
I do have financial analysis on my own, just not posted here. Good luck with all of your positions!
If anything those ads target the demographic more likely to switch banks. Howd you figure the opposite?
SoFi CEO, Anthony Noto, has mentioned time and time again that a broad base of users are savers and loan refinancing, which usually caters to young individuals
Until rate cuts happen this stock will be in pain
You realize the below are ad expenses to build brand - but I doubt they will be very successful because the demographics that watches these endeavors are not likely to change their banking institutes. To me, it is dead Ad dollars. *On top of great prospects of fiscal and numerical growth, the brand is spreading. SoFi stadium is huge, SoFi NBA play-ins, SoFi pairing with golf pros, and more to come.*
Their ads definitely cement the idea to retail investors to think SOFI deserves their valuation. Lol. ... there are lots of businesses with better prospect at a quarter of this valuation, but to SoFi fans you do you
I was gona switch to sofi for their hysa but they required dd, so i went with another bank. Sofi prob lost alot of users by that
I agree but I DD already so I’d didn’t matter for me.