SoFi Technologies (NSQ:SOFI) is now my biggest US Stock holding because:
- They went profitable last quarter
- Their outlook is positive
- Their sponsorship deals mean they are getting more attention
- Their institution holders are increasing
- Their senior leadership team get rewards when their share price goes to $25, $35 and $45 - so more than 3 times current price
- Recent convertible loan deal was over subscribed and conversion can only happen when price is > $12
- This deal reduces interest costs for the company by $40-60m per annum
There is huge short interest (I think coming up to 20%) and once more quarters of positive earnings are announced - this should propel the share price.
What do you think?
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