$(SOFI)$ something I noted before:
Q2 results were bullish (strong beat on revenue and adj. EBITDA) but skewed by media which emphasized on non-recurring losses instead.
Reversal after lock up FUD was imminent.
The synergies from the Galileo acquisition were overlooked and gave SOFI a competitive edge. They are one of the main reasons why you should invest in SOFI long term. Bank charter approval is already expected and the confirmation is just icing on the cake.
The terms of the recent offering were
extremely favorable and the offering might be needed to facilitate the bank charter approval.
This was the highest quality SPAC not only in the fintech space imo when it was still IPOE.
This reminds of me of SQ in the early stage but not in terms of business model. Similar to SQ early on, SOFI is a sleeping fintech giant that is ready to take off over the next few years.
IMO it’s still not too late to invest in this now. That’s if you are playing the long game.
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