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Bullboard - Stock Discussion Forum goeasy Ltd EHMEF


Primary Symbol: T.GSY

Financial Services Credit Services
goeasy Ltd. is a Canada-based company, which provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. The Company's segments include easyfinancial and easyhome. The easyfinancial segment lends out capital in the form of unsecured and secured consumer loans to non-prime borrowers. easyfinancial’s product offering consists of unsecured and real... see more

Bullboard (TSX:GSY)

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Comment by pierrelebelon Mar 28, 2023 5:30pm

RE:Why the big drop in share price?

You want to know why?  Read this: On March 20, 2023, 1195407 B.C. Ltd., Canada Drives Ltd., USA Drives Ltd., and Canada Drives Auto Finance Ltd. (Canada Drives) sought and obtained an Initial ...more  
170
Discussion
Comment by McRambuson Mar 28, 2023 4:28pm

RE:RE:RE:Why the big drop in share price?

  These are unsecured loans. Lots of chance of default and the only thing that happens is another black mark on an already black marked credit score. Quebec has been 35% max for years. 
98
Discussion
Post by fdfd12on Mar 28, 2023 3:43pm

BUDGET and this

https://privatecapitaljournal.com/goeasy-canada-drives-largest-creditor/
214
Discussion
Comment by RusticHiton Mar 28, 2023 3:42pm

RE:RE:Why the big drop in share price?

46% in this country wow could ,nt believe it  Crazy MOney they are printing 
68
Discussion
Comment by TimeScapeon Mar 28, 2023 3:41pm

RE:RE:RE:Why the big drop in share price?

According to the Annual Information Form GoEasy released in February, the weighted average interest rate they charge on their loans has dropped from 46% in 2017 to 30.5 in 2022. There are rumours ...more  
80
Discussion
Comment by cpeczekon Mar 28, 2023 3:33pm

RE:RE:RE:Why the big drop in share price?

They do charge 46%. Not sure where you got that information from. Even on their website under unsecured loans it says "starting at 35%". Secured loans are under that. 
70
Discussion
Comment by peter82828on Mar 28, 2023 3:29pm

RE:RE:RE:Why the big drop in share price?

According to their most recent annual information form (available on sedar), they originate loans up to $100,000 with rates between 9.9% and 46.9%,
66
Discussion
Comment by McRambuson Mar 28, 2023 3:14pm

RE:RE:Why the big drop in share price?

They do not charge 46% they charge max 35% on personal loans.
91
Discussion
Comment by cpeczekon Mar 28, 2023 2:35pm

RE:Why the big drop in share price?

There is a rumour that the Federal Budget released today will lower the max interest rate to 35% (which is likely true because it was disclosed by an unnamed staffer). So that will mean that GSY will ...more  
230
Discussion
Post by DarkReinson Mar 28, 2023 1:35pm

Why the big drop in share price?

Thinking of picking this up but wondering why there was such a big drop in the share price today?
844
Discussion
Comment by Torontojayon Mar 23, 2023 6:57am

RE:RE:TD

What's happening to the US/Canada auto industry on resales is akin to the housing bubble in 08. It's not looking good for companies that provided loans on these assets. Used car prices were ...more  
67
Discussion
Comment by Thestockguyon Mar 22, 2023 3:22pm

RE:TD

TD analyst certainly not concerned.  A meaningful writedown (50-100%) on the $40M investment wont make a good quarter for sure.  Other investments to be imparired?  Not sure....
67
Discussion
Post by retiredcfon Mar 22, 2023 11:20am

Forecast Returns for S&P/TSX Index Companies

Only posted for the companies that I own. Still lots of optimism on the target prices despite the recent banking issues. GLTA Security Buy Hold Sell (Average Target Price) Financials GSY 8 Buys I ...more  
157
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