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goeasy Ltd EHMEF


Primary Symbol: T.GSY

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 estate secured instalment loans. The LendCare operating segment specializes in financing consumer purchases in the powersports, automotive, retail, healthcare, and home improvement categories. The easyhome segment provides leasing services for household furniture, appliances and electronics and unsecured lending products to retail consumers. Its customers can transact seamlessly through an omnichannel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement and healthcare verticals.


TSX:GSY - Post by User

Comment by Torontojayon Apr 11, 2023 10:01pm
106 Views
Post# 35389841

RE:RE:Canada’s immigration policy

RE:RE:Canada’s immigration policy

Many immigrants are going to be priced out of a loan from Canada's mainstream banks. The lack of credit history makes them a risk for tier 1 lenders. They don't want to deal with these people. There isn't a lot of competition  either for alternative choices as US competitors exited after the great financial crisis.

If someone were to ask me why Goeasy is going to be a great investment I would highlight the reasons below:

1) lack of competition 

2) competitive advantage 

3) immigration policy in Canada is favourable to their target audience 

4) Canada banks is an oligopoly unlike the US and the lack of alternative choices makes Goeasy an easy choice.

5) credible management team with proven results 

 

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