We are currently long BOFI...
BOFI Holding operates Bankofinternet.com - an internet only bank, ala ingdirect. BOFI is growing leaps and bounds and trades at an amazing P/E of 6. I have never seen a company with this type of earnings/revenue growth trade at such a paltry valuation. Did I mention it is now trading at $1 below book value? Earnings will be released on Wednesday and the CEO mentioned at a banking conference that about 50 cents was added to book value. He basically let the world know they will be doing a nice 50 cent for the quarter. Not bad for a stock now trading at $12.35 -
We are currently long BOFI... Comments are closed.
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Paul SaadSenior Manager, Paul Saad and Associates, LLC Archives
May 2020
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