BOFI Archives - Market Mad House

daniel August 30, 2015March 8, 2016 Bank of Internet Fraud, BOFI, BOFI Con Man, BOFI Fraud, BOFI Mortgage Bubble, BOFI Scam, Is BOFI Overpriced?, Is BOFI Stock Overpriced, Mr. Money Mustache

Is BOFI the Most Overpriced Stock Around?

The bottom line is that Bank of Internet is not only overpriced but it seems to be riskier. Call me old fashioned, but it looks like BOFI is headed for a fall sooner or later.

Market Insanity

daniel August 27, 2015March 23, 2016 American Express, Bank of America, Bank of Internet Sucks, Benjamin Graham, Berkshire Hathaway, BOFI, BOFI Fraud, BOFI stock, BOFI Sucks, Bubble Real Estate, Charley Munger, Denver Real Estate Bubble, Disruptive Technology, Is Bank of Internet a Bad Investment?, Is Bank of Internet a Good Invesment?, Mortgage Real Estate Investment Trusts, mortgages, Mr. Market, Mr. Real Estate Bubble, MREITS, Warren Buffett

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.”

Crazy Stocks Stocks

daniel May 31, 2015March 11, 2016 Bank of Internet Alternatives, Bank of Internet Sucks, Bank of Intrnet, Best Online Bank, BOA, BOFI, EverBank, EverBank Financial, Motley Fool, Value Investing, Venmo, Warren Buffett

What Can EverBank Teach Us about Bank of Internet?

Another possibility is that BOFI’s growth is not from stealing customers from brick and mortar banks as its cheerleaders claim but from swiping depositors from other online banks.

Market Insanity

daniel May 1, 2015March 28, 2016 AAPL, ABX, American Express, Apple Pay, BAC, Bank of America, Bank of Internet, Benjamin Graham, Berkshire Hathaway, BOFI, BofI Holding, Disruptive Technology, EVER, EverBank, EverBank Financial, Foreclosure, mortgages, Mr. Money Mustache, NetBank, PayPal, The Dark Side of BOFI, Value Investing, Warren Buffett

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.

Long Ideas

daniel April 14, 2015 AAPL, ABX, Amazon, American Express, AMZN, Apple Pay, Apple Stock, Bank of Internet, Benjamin Graham, Berkshire Hathaway, BOFI, BofI Holding, Capital Bank Financial, CBF, Charley Munger, EVER, EverBank, Food Prices, GDOT, Green Dot, lending club, LNKD, Mr. Money Mustache, OnDeck, PayPal, Prosper, Square, Warren Buffett, WMT

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.

Good Stocks

daniel November 18, 2014 AAPL, Apple Pay, BAC, Bank of America, Bank of Internet, BOFI, EverBank, PayPal, US Bancorp

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.