- Shares of subprime fintech OppFi Inc. have lost two-thirds of their value since debuting in July 2021, as prior management significantly underdelivered on pre-IPO projections.
- The company’s founder is back as the CEO, but its stock is resuming its backslide towards the $3 level as the market ignores the fintech label and values it as a sub-prime lender.
- With a $20 million share buyback recently announced, selling at nine times forward PE, and a price-to-FYE22 sales of .9, this busted IPO merited a deeper dive.
- A full investment analysis follows in the paragraphs below.
For further details see:
OppFi Inc.: A Potential Bottom