DRJ69
2 weeks ago
Yes and by reducing debt, they decrease their interest expense substantially which obviously will help them increase their earnings. I like the CEO, and they are a different type of bank, not the normal brick and mortar bank, kind of like a hybrid bank and fin technology company. Young people are leaving brick and mortar banks for companies like this. I have been disappointed by the stock price action so far but believe this could be a big winner down the road, the question is when? a year, two years, three years, etc? They are growing their revenues, just need to grow their earnings now.
UpTickMeA$AP
1 month ago
They thought it would create favorable optics for institutional players, and lure some in...
Unfortunately, that didn't work...
Noto clown is all about optics, and feels... I think he's a bit to woke. He once announced that sofi would fight against sexist Artificial intelligence. While in the world of reality, he should have been addressing the huge debt load, and lack of profitability.
They need a new CEO.