RE:Financialsretiredcf wrote: The quartely analyst forecast returns and ratings were just released.
Company, Buy, Hold, Sell and Consensus Target.
TSU - 7/7 Buys $59.21
GSY - 7 Buys, 1 Hold $228.13
EQB - 8/8 Buys $99.17
BAM.A - 9 Buys, 4 Holds $88.96
FFH - 5 Buys, 2 Holds $801.48
IFC - 12/12 Buys $208.33
ECN - 8 Buys, 1 Hold $7.31
Thanks for posting. Definately appears to be more upside on non-bank financials (at the very least based on analyst ratings). Goeasy has definately been oversold on fears of being associated with the tech/ growth sell off and risk of defaults. Excluding expenses Goeasy has an over 20% spread from what the average rate is and their cost of borrowing.
Credit cards range from 20%-40% APR I doubt unless Trudeau plans on cutting sub-prime borrowers off from being able to borrow all together that policy will heavily change business which Goeasy has been shifting towards more secured and higher credit quality.