That gives disgruntled shareholders the chance to serve up non sequiturs like these (for those who know little about sports, CFP stands for college football playoff): As a former collegiate football player, former CFO of the NFL, and former CFO and COO of Twitter, it should come as no surprise that he’s a football fan and often tweets about football. CEO Anthony Noto relentlessly gets hammered about this issue all the time, especially on Twitter. The refrain is pretty similar, management is enriching themselves at the expense of shareholders by granting themselves a boatload of free shares and diluting shareholders into oblivion. SBC is one of the favorite knocks on SoFi. I already discussed stock-based compensation at SoFi once, but my understanding has grown since then and I’d like to correct some of the things I got flat out wrong and expand on what I’ve learned in the meantime. A few quotes from that call are included below, with written permission from SoFi. He took time out of his schedule to meet with a retail investor contributor on Seeking Alpha (me), who writes articles to an audience of retail investors (you). My response from IR was an offer of a 15-minute direct phone call with Chris Lapointe that ended up extending to almost 25 minutes. This was after CFO Chris Lapointe had directly responded to some of my questions about SoFi’s SBC. As part of my research for this article, I reached out to SoFi Investor Relations to get some clarification. Hopefully this will bring light and clarity to that discussion.īefore I begin, I want to illustrate that SoFi cares about retail investors. Today, we are going very deep on a specific subject that has been a real point of contention and confusion to a lot of investors, myself included. I did a comprehensive look at SoFi in the article linked above, and I encourage you to read that if that’s what you are looking for. This isn’t going to be a typical article where I cover SoFi in general. I covered many of these at length in my last article where I discussed SoFi’s biggest risks and why I believe that SoFi will overcome them. Most recently the narrative surrounding SoFi ( NASDAQ: SOFI) has orbited around accounting, profitability, growth trajectories, liquidity and stock-based compensation (SBC). The narrative surrounding a stock moves from time to time, and I like to address that narrative as it shifts.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |