Seeking Alpha

BofI pulls out of tumble after upgrade at RayJay

BofI Holding (BOFI +7.7%) for the moment breaks out of a steep slide after Raymond James upgrades the stock to Outperform.

The decline began in earnest after Greenwich Research Group - writing on Seeking Alpha - suggested the heavily-shorted momo name trading at 5x book value had 65% of downside.

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Comments (2)
  • eduso
    , contributor
    Comments (204) | Send Message
    Mr Cramer suggested he would stay away from BOFI, claiming there are better deals in banking, the same day the article was published (author, Greenwhich.. had 55 followers).
    28 Mar 2014, 10:18 AM Reply Like
  • Rcsam
    , contributor
    Comments (261) | Send Message
    Greenwich has $30MM AUM and is one guy. He is a hack who writes negative articles. He does not understand BOFI has crossed over to a growth stock and is no longer tied to P/BV
    28 Mar 2014, 11:15 AM Reply Like
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