Proud to be one of your paid members Chris. These break-downs, along with your posts on X, always educate me and help block out the noise- which in turn gives me a stronger stomach to stay long as Noto & Lapointe continue to deliver to their shareholders.
Hi Chris. Great analysis as ever. Just signed up to your service too, so hoping we'll be able to see your YT channel in 2024!
Now a key question abt today's post: did Chris Lapointe *really* mean it when he said the 50-50 ambition about the 2024 Rev split? Don't get me wrong: I'm not saying that he was lying, or that you misheard. But - given how fundamental it is to your analysis here (and to $SOFI blowing 2024 out of the water) - I hope he didn't mention that as a "throwaway comment", or that he didn't get how it might be interpreted vis-a-vis their FS and TP rev numbers in 2024.
Like you, I REALLY wish $SOFI to finally break it's shackles and do well. But all the FUD with it's price action keeps me cautious from getting carried away. Hence the question
Grateful for your contribution and I also hope we'll see the YT channel this year.
On the phone call I asked him specifically if it was for the full year or just by Q4 and he reiterated that it is total for those two segments relative to the lending segment for total revenue in fiscal year 2024. I did not follow up more than that, but I cannot imagine that they would have said this twice publicly and confirmed it with me without having internal projections that led them to state it. They are very particular about what they say publicly and even privately. Every question I asked was just about points they've clarified publicly already. I don't know anything that hasn't already been disclosed publicly, I just asked some questions to get a little more detail or understanding about what they've said in the past or released in their earnings reports.
Got my answer, thanks. If they've mentioned this thrice over, its unlikely to be off-the-cuff. And (touchwood) thus far they have meant (& delivered) what they have publicly stated. Fingers crossed for $SOFI's earnings call.. be interesting to see how other, larger banks fare later this week.
Great article! One question though, what would have to happen for them to completely miss all the targets? With the election coming, the border crisis, middle east, Ukraine etc.?
A hard landing would derail the growth story. That means a deep recession starting this year. We'll probably have more clarity on exactly that would entail after we get yearly guidance at the end of this month.
Thank you so very much for your concise
Report! I always look forward to reading them!
Proud to be one of your paid members Chris. These break-downs, along with your posts on X, always educate me and help block out the noise- which in turn gives me a stronger stomach to stay long as Noto & Lapointe continue to deliver to their shareholders.
Thank you for contributing!
Hi Chris. Great analysis as ever. Just signed up to your service too, so hoping we'll be able to see your YT channel in 2024!
Now a key question abt today's post: did Chris Lapointe *really* mean it when he said the 50-50 ambition about the 2024 Rev split? Don't get me wrong: I'm not saying that he was lying, or that you misheard. But - given how fundamental it is to your analysis here (and to $SOFI blowing 2024 out of the water) - I hope he didn't mention that as a "throwaway comment", or that he didn't get how it might be interpreted vis-a-vis their FS and TP rev numbers in 2024.
Like you, I REALLY wish $SOFI to finally break it's shackles and do well. But all the FUD with it's price action keeps me cautious from getting carried away. Hence the question
Grateful for your contribution and I also hope we'll see the YT channel this year.
On the phone call I asked him specifically if it was for the full year or just by Q4 and he reiterated that it is total for those two segments relative to the lending segment for total revenue in fiscal year 2024. I did not follow up more than that, but I cannot imagine that they would have said this twice publicly and confirmed it with me without having internal projections that led them to state it. They are very particular about what they say publicly and even privately. Every question I asked was just about points they've clarified publicly already. I don't know anything that hasn't already been disclosed publicly, I just asked some questions to get a little more detail or understanding about what they've said in the past or released in their earnings reports.
Got my answer, thanks. If they've mentioned this thrice over, its unlikely to be off-the-cuff. And (touchwood) thus far they have meant (& delivered) what they have publicly stated. Fingers crossed for $SOFI's earnings call.. be interesting to see how other, larger banks fare later this week.
Great article! One question though, what would have to happen for them to completely miss all the targets? With the election coming, the border crisis, middle east, Ukraine etc.?
A hard landing would derail the growth story. That means a deep recession starting this year. We'll probably have more clarity on exactly that would entail after we get yearly guidance at the end of this month.