RE:RE:RE:RE:RE:Insider buyingSince this previous discussion, 24 trading days have passed.
That means that GSY had the opportunity to buy 377,000 shares back at much less than the prices we looked at it back in the winter. With the 300,000 already bought (plus those bought back in Q4 2021) the buyback should be at least half done by now.
I had a look at the valuation analysis of this stock and it just does not make sense that it is currently fair market valued even lower than the current price and yet they estimate that it will double in value within one year. The demand curve for tier 2 loans is absolutely economically inelastic. The customers pay up no matter where the interest rate goes as "Who else are they going to borrow from if they screw up a current loan with one of these lenders???"
I just want to clear up one more bit of nonsense I have seen rumored on this BB about GSY. They try to define GSY a Payday Loan Company and all the baggage that goes with that identity. I went on their loan site and they have a page where they coach people on why they should not take out Payday Loans. In Short...GSY is not a payday loans company.
One more thing...Investing in this company comes with several warnings on how to handle the dips. I did a look into the history of the price of this stock this AM. The last big dip like this current one was a drop from $77 to $27 back in 2020. Before that, during that and since that earnings reports have been consistent to the point of boring because they report "record revenues and earnings" each and every quarter.
I just hang on and wait cuz the numbers say it has only one way to go eventually, and that is up. How is this company trading at 8 X P/E?? Hey! but whaddo I know???