BOFI performance

Kerrisdale Capital Updates Its BOFI Short Thesis

  • BofI Holding, Inc. (NASDAQ:BOFI)’s recently announced, widely expected acquisition of H&R Block’s bank deposits boosts its earnings but does not address the long-term pressures that will drive down the company’s currently inflated profitability. At almost 4x book value, as we have previously argued, BOFI’s super-premium valuation remains unwarranted.
  • At least five serious bidders besides BOFI vetted the H&R Block transaction, yet BOFI emerged as the winner despite a . . .


    This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

    If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers