Saul and all contributors to this board,
One thing I love about this board is when something happens to a company that is followed here, people discuss it immediately and give you the confidence to take action that you deem is appropriate in your situation, if you want.
BOFI’s drubbing yesterday was discussed and most comments agreed that this was old news and had already been dealt with so shouldn’t affect the company in the long run. I realize that may or may not turn out to be true, but it did give me the confidence to buy some more with the flash crash caused by one disgruntled employee filing a lawsuit the company claims is meritless but still wiped out 30% of the market cap. This all happened BEFORE the CC in which the CEO defended his company, which confirmed in my mind the majority conclusion that was arrived at on this board.
I belong to 2 paid MF services, and I like them, but in my opinion, they are too far to the other side where we don’t get ANY commentary from TMF-ers when events happen to companies they own because they’ll say the thesis hasn’t changed and we’re long term investors so no comment is necessary.
If what happened to BOFI happened on one of the services I subscribe to, I seriously doubt there would have been enough analysis (THE DAY IT HAPPENED) to give me the confidence to have purchased on the dip (again, I realize it may or may not turn out to have been a smart move, but I think it is).
This is just my opinion, I could be wrong, but that’s the way I see it, and I appreciate everyone here that shares their viewpoints when events occur so we all can maybe benefit from them.