well they have 69MM shares vs 5MM just last year, so major dilution, hence shares losing value, at this rate no reason they wont push this thing lower.

I also am not sure how/why 2.8Xsales ratio is "a good place to start buying", when reserve and delinquency ratios are both up yoy, things are not moving in the right direction.

Now if you're also a funder you know how competitive the marketplace is and that wall st projections are overly optimistic (maybe to boost UWing fees..)