What happens you remove 90% of the workforce in 10 years as you said? Where does more demand for those stocks come from? How do people keep their houses? How do they feed themselves and their families, yes the company profits go up but you have to remember that investor demand matters as well in this casino.

Either it is forgiven to not destroy the banking system as a whole from losses on A/R reductions on the BS and the gov pays, driving inflation higher. Or the gov forces people to start paying their loans back and A/R turns into Rev which wii be returnable earning rises …

They are trading this cheap because they offer so many shares to staff, the market dilution is killer on this one unfortunately. I own about 1000 shares at 8.5 was trading in it above but have been selling calls on every jump about $1-$2 lower and tracking the return. At this point idc where it goes I’ll keep selling against this bank until they start paying divs like every other bank. Hopefully this student loan disaster turns around for them and they can make all that back will instantly pump.