This is one of the more interesting $SOFI takes I’ve seen recently. Patient Capital Management owns more than 1.5M shares of SoFi and increased its position last quarter. In a response shared by a SoFi investor today, Patient Capital said it believes SoFi is still in the early innings of an inflection in Financial Services fee monetization. But this was the part that caught my attention: They view Galileo as essentially a “free call option” because they believe SoFi’s current valuation prices in little, if any, value for the Tech Platform. If the core business keeps growing while Galileo, the Loan Platform Business and SoFiUSD start contributing meaningful returns, that optionality starts getting really interesting.
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Sunny
@sunnyrai · 23d
Sunny
@sunnyrai · 23d
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