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dudenice420 t1_ja1qpyy wrote

You conveniently forget to mention them earning a delicious -0.58 EPS, -124M EBITDA, -28% profit margin and -9% ROE …. Where do I sign up?!

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wampapoga t1_ja219xf wrote

literal carvana of fintech loan servicers. Worst part is OP has some good points but bad direction in terms of macro analysis. Google college & personal loan enrollment over the pandemic. Just because they are buying the name rights of stadiums doesn't make them a potential four bagger. Look at FTX and Florida. Best of luck op.

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[deleted] OP t1_ja25dqj wrote

[deleted]

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MathieuofIce t1_ja2r5u8 wrote

I refinanced my student loans with them years ago (about 70k of them at least). Back then SOFI was cool. They were throwing parties for borrowers and giving away swag. Spoiler: the service was so shitty and easily beat that I refinanced again with another loan servicer that I am much happier with. They took my 8-9% 25 year loans for about 70k and I went with a 6.25% variable for 15 year package. My interest rate was raised every month until about 10 months in, I was over 7.5% again. At that point I refinanced again. IMO SOFI peaked in 2017 and got lucky during the pandemic.

Edit: sell your calls homie. Any student loan borrower who actually got an education will be able to find better fintech.

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Dpope32 t1_ja1r2ax wrote

EPS is trending in the right direction. Yes profit margin needs to be better. Never said they were blue chip worthy, but isn’t this sub for speculation? Lmao

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