Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche


Market Insanity

Some Ugly Truths BOFI Fans Do Not Want to Hear

The reality is you are getting a 2005-style jumbo mortgage lender (with other odd high risk loans) funded primarily by high cost brokered deposit.”

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Market Insanity

Is Bank of Internet a Value Investment?

The number of delinquent loan balances at BOFI doubled between June 30, 2014, and September 30, 2014, which indicates that the bank’s loan book could quickly melt down.

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Long Ideas

What Will PayPal Do Next?

Something else that is also obvious is that PayPal would be an acquisition target; purchasing it would give a large bank, retailer or credit card company access to a vast financial network and tens of millions of potential customers.

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Good Stocks

Is Bank of Internet Really Better Than Other Banks?

Payment solutions like Apple Pay make Bank of Internet’s business model obsolete.
Despite its impressive revenue growth Bank of Internet is still a very small niche player.
Bank of Internet simply lacks the resources to challenge giant competitors like Bank of America.
By making banking at any institution more convenient Apple Pay poses a serious challenge to Bank of Internet.

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