BOFI topped earnings and revenues expectations about a month ago.https://www.fool.com/quote/1069/NASDAQ/bofi-holding/BOFIIts stock price is also up about 50% in 2018. Is anyone else still holding? I bought it at 18, and I'm trying to decide whether to sell half sometime in the coming months, or just hold onto all of it for the long term. (I wish I had bought a larger position!) Is anyone aware of any company- or industry- specific challenges/red flags, beyond some major changes in the economic picture?
Hi Caetano08,I continue to hold my shares and have added on dips over the years. My original cost basis is about $11, though I averaged up over time so that my current basis is something like $18. BOFI is my single largest holding, and I've never sold any shares. The only reason I would sell shares is if I need the money for a major purchase. If I retire, I might lighten my load at some point for the sake of reducing the risk profile of my portfolio. But as of right now, I do not see any company-specific red flags. The growth rate is likely to slow, but that is just the law of numbers: It is a lot harder to double a 10 billion $ company than it is to double a 10 million $ company. Management has shown itself to be adept at capital management, taking great advantage of unusual opportunities and broadening the business line to reduce risk and increase returns.So, from my perspective, why would you sell?Regards,Dorset
Thank you Dorset. I am a little surprised that there isn't more discussion of BOFI. I think I will hold - the only reason to sell is I were to find a better opportunity, but BOFI is doing just fine for me. My cost basis is $18 too, so I'm doing quite well, and it seems a solid company that is executing well.
Motley Fool has recently consolidated all of their premium service discussion boards. If you are a subscriber, you can find additional discussions there.Dorset
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