I don’t really understand people’s thought processes here. BOFI has allegations against it that may or may not be true, nobody can say for sure at this point. Thinking that “oh by now people would know if the allegations were true” is speculation, nothing more, and inherently risky. By investing in this company, you are betting as much if not more on the investigation verdict rather than the company itself. Why risk your money? If BOFI turns out to be clean, invest then. Sure you might get in a little late to the party, but you are investing in the fundamentals then, not speculating on the company’s legality. There are so many solid companies that don’t have this issue I don’t understand why people feel the need to put their money at risk for this scenario. SKX, SWKS, INFN, SBNY, there are so many cheap options right now to solid companies with good growth. I feel like people are prioritizing short term and risky behavior with this move. Hey, as an 18 year old, I LOVE taking short term high risk/reward, but not this time for this stock. If you truly think BOFI is a long term play, you can bear buying it at even a 20% premium to today’s price for the assurance that the company is clean.
19 Likes