RE:RE:Bought in today Btw, Goeasy has a lower P/E ratio if you remove the non recurring write down of intangible assets.
Goeasy effectively earned $11.55 per share in fiscal 2022.
This gives it a P/E ratio of ~ 7.9 which is closer in line with Bank of Montreal but lower than the other 5 big banks. In the past Goeasy always had a slightly higher P/E ratio than the banks and their growth profile was much more impressive.
I am 99% sure Goeasy will outperform the major banks over the next 3-5 years. As for the next 6-12 months I would have no clue what happens. Td is not viewed in a positive matter anyway and there are a lot of risks on the Canadians banks as well.