and still getting bludgeoned without any letup. Yes, the market has been pretty bad lately, but BOFI's getting battered especially hard. My gut feeling tells me this tanking won't stop until its down in the low 50's.
The drop to the 80's made sense, but falling down to the 60's and low 70's seems to be an extreme over-reaction. If you read the transcript from the last investor quarterly conference call it is very, very positive. Not just recent results, but risk management, forward growth opportunity, etc. This seems like a well managed company with a good future and solid financials that is not expensive but is being hammered due to a short seller on SA writing a nasty report designed to drive it down (and succeeding).