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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

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Post by retiredcfon Aug 15, 2023 9:44am
138 Views
Post# 35588725

More Raised Targets + Ink Research

More Raised Targets + Ink Research
goeasy Target Raised by Raymond James C$136.00 C$151.00
 
goeasy Target Raised by BMO Capital Markets C$153.00 C$167.00

While it may be tempting to write off the Canadian consumer on the back of the report, we would note that sub-prime lender goeasy (Mostly Sunny; GSY) appears to have had a much better experience in the second quarter. When it released results on August 9th, CEO Jason Mullins said, "During the quarter we experienced favorable competitive conditions and received a record number of applications for credit, at nearly half a million, which led to a record number of new customers, at nearly 42,000. We now expect to achieve the high end of our loan book forecast for 2023 of $3.6 billion."


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