JimmyTurner
2023-12-15

$SoFi Technologies Inc.(SOFI)$ 🚀 Is there a silver lining to SOFI hitting their capital ratios in 2024?

Yes. It means SoFi is going to "pay off" $4B of "debt" next year. This will vastly improve their valuation multiples. Let me explain:

SoFi's debt includes about $4B in warehouse facilities. These are lines of credit they have from other banks that they use to fund loans. It's one of the three funding sources they use for their loans, which are warehouse facilities, deposits, and their own capital.

Is Meme Mania Brewing Again?
The broader market took continued rally after FOMC released dovish signals last week, with the major index DJI and SPX hitting new highs. It seems that US stock market starts an unstoppable rally. Generally, meme stocks may skyrocket in a bull market. ------------ Is meme mania brewing again? Which meme stocks will you bet?
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