Stockchase Discover TOP PICK
goeasy(GSY-T)
06/06/2023
Stockchase Research Editor: Michael O'Reilly
We reiterate this Canadian consumer loan company as a TOP PICK. Recently reported quarterly earnings saw a 28% increase in operating income and a 38% jump in loans. Cash reserves are growing, while debt is retired. It pays a good dividend, backed by a payout ratio under 40% of cash flow. It trades at 11x earnings and just under 2x book along with a 20% ROE. We recommend trailing up the stop (from $80) to $90, looking to achieve $162 -- upside potential of 47%. Yield 3.3%
(Analysts’ price target is $162.10)
Financial Services
$109.510