Axos Financial Inc (AX)

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BofI Holding, Inc. Eating Short-Sellers' Lunch With Another Huge Quarter

April 29, 2016, 10:21:39 AM EDT

BofI Holding reported third-quarter financial results on April 28, and it was another huge growth period for the bank, even in the face of an unyielding and continuing attack on the company from short sellers. Income from both net interest and fees was up, earnings per share increased 65%, and the company initiated a $100 million share repurchase program as its stock price remains beaten-down in the wake of continuing short-seller attacks on the company's credibility and loan activities.

Let's peel back the layers on the company's financial results. It may not answer all of the questions raised by short-sellers (most of which are decidedly dubious and only meant to create fear and uncertainty) but it will give you a better understanding of how the company is growing and where its financial results are coming from, and some clarity on how much risk its loan portfolio really entails. (Hint: much less than short-sellers would have you think).

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To read on click the link;

http://www.nasdaq.com/article/bofi-holding-inc-eating-short-sellers-lunch-with-another-huge-quarter-cm613817

Marker:
Bofi Holding, Inc. (BOFI)
$17.78 up 0.16 (0.91%)
Volume: 1,589,768