I think a lot of the narrative surrounding SoFi is slightly misguided.
Good write up but the company has just started churning profit and its business model is high risk and very susceptible to economic changes.
Their balance sheet has increased its exposure to consumer credit risk.
It’s an interesting company and something to keep in mind but I would much rather prefer reoccurring high revenue and high margin companies.
Good write up but the company has just started churning profit and its business model is high risk and very susceptible to economic changes.
Their balance sheet has increased its exposure to consumer credit risk.
It’s an interesting company and something to keep in mind but I would much rather prefer reoccurring high revenue and high margin companies.