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3 Reasons to Steer Clear of SoFi’s Sinking Ship

investorplace2022-03-16

The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...

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Comment19

  • koolgal
    ·2022-03-20
    The author is of the opinion that SoFi is not a good buy.  In fact he says to stay clear.  Do you agree?  After all SoFi did receive a banking charter recently and some financial gurus say it is a BUY! 🤔
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  • D.Billions
    ·2022-03-17
    Bias and unsubstantial articles, the author trying very hard to justify SoFi is a bad investment but did not care to explain why but he says based on teribble chart? For day traders yes, but not for long term investors.Try harder next time, what you want is if this company pay you fees to shut your mouth.
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  • jocelync
    ·2022-03-16
    "Second, SoFi Technologies is the type of company that is entirely out of favor right now" . This reason not explained. Pls do..thanks
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  • May168
    ·2022-03-16
    I just entered before it crashed! Argghh
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  • May168
    ·2022-03-16
    I
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  • May168
    ·2022-03-16
    Me and my poor timing..mo entered before it crashed to 1 digit!
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  • LuckyPiggie
    ·2022-03-16
    Dont quite agree with the article. Which tech stock is not in red. Not any co can obtain a bank lic. If no good biz proposal then mind as well dont steup. It is good to have positive competition and evolve business. 
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  • Jerrya
    ·2022-03-16
    Hmmm time to reconsider.
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  • Ignis
    ·2022-03-16
    Lol
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  • WJ77
    ·2022-03-16
    😓😓
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  • Willll99
    ·2022-03-16
    No mentioning of fundamentals and growth performance, rubbish article.
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  • badumdum
    ·2022-03-16
    This is interesting. I like overbearish signals. It is becoming more and more attractive as it makes its way down. If SoFi wants to act like a bank, the market will start using metrics to value it against other banks. Yes it has tech and growth components but ultimately when you enter into the banking space, the costs of operating it as a bank will come in and weigh down on margins. So what SoFi needs to do is to show how the margins can be dealt with, and how it intends to use its platform to pull things together to realise not just cost synergies but also ramp up growth. What investors interested in this should do is to sell puts to pick up the stock at a lower price. Take the average P/S of existing top banks, then give it an additional small growth multiple to land at a target price, a
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  • 苗派
    ·2022-03-16
    Sinking ship ?? 
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  • Stv59
    ·2022-03-16
    [Thinking] 
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  • Jtjy
    ·2022-03-16
    Rubbish article with no concrete evidence of company's performance.
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  • Ah Deck
    ·2022-03-16
    [Facepalm] ⋯⋯like pls 
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  • Joe wang
    ·2022-03-16
    Good luck
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  • ACCY
    ·2022-03-16
    What do you all think? 🤔 
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