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BofI Holding, Inc. Continues Delivering: Is the Short Thesis About to Collapse?

BofI has continued to deliver strong earnings growth even as ongoing accusations and heavy short selling weigh on its stock price.

Aug 10, 2016 at 7:43PM

When internet bank BofI Holding, Inc. (NASDAQ:BOFI) reported its fourth quarter, investors were rewarded with more of the same steady, strong growth that its has delivered for years. Earnings were up 22%, EPS increased 18%, and the bank's portfolio of loans,leases, mortgages, and deposits all increased by double digits.

By most any measure, BofI delivered a wonderful quarter, and shareholders were rewarded with a nice 10% bump in the share price. Through Aug. 10, BofI's share price is up almost 13% since earnings were announced.

[To continue to read the article.. click the link]

http://www.fool.com/investing/2016/08/10/bofi-holding-inc-continues-delivering-is-short-the.aspx

*Stock is up over $4 @ share since this article was written 2 weeks ago. High likelihood of significant short covering to come.

Marker;
Bofi Holding, Inc. (BOFI)
$22.24 up 1.32 (6.31%)
Volume: 2,524,485