From TMF’s own Brian Stoffel (TMFCheesehead):
Key information comes out of the company’s conference call, but there are still some questions lingering.
I think that BofI did a lot to dispel doubt that there’s anything nefarious going on at the company. My own doubts were greatly reduced given the rebuttal Garrabrans offered regarding his personal accounts, and the statement provided as to why John Ball left the company.
Unfortunately, the opaqueness behind Garrabrants’ responses to questions about “ongoing investigations” will likely continue to dog the company and its stock – down 6% as of this writing – for some time.
One thing is for sure: this will be a very interesting stock to watch in the coming months.