SoFi: No Cockroaches Here

Nov. 28, 2022 12:08 AM ETSoFi Technologies, Inc. (SOFI)LC115 Comments

Summary

  • SoFi has fallen to new lows due to irrational fears surrounding the immaterial crypto business.
  • The Biden Admin. extending the student debt moratorium by up to 6 months isn't problematic to the long-term business prospects.
  • The stock trades at just 2x '23 sales estimates despite strong forecasts for 34% revenue growth next year following a year with 50% growth.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »

Dead Cockroach

tzara/E+ via Getty Images

Over the last few weeks, SoFi Technologies (NASDAQ:SOFI) has been hit with attack after attack to the stock. The fintech faces limited impacts to the long-term business from the crypto business, loan losses and student

Finviz Chart

Source: FinViz

Risk-based capital ratios.

Source: SoFi 10-Q Q3'22

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Stone Fox Capital Advisors, LLC is a registered investment advisor founded in 2010. Mark Holder graduated from the University of Tulsa with a double major in accounting & finance. Mark has his Series 65 and is also a CPA.


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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SOFI over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

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