Bullboard - Stock Discussion Forum 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... see more

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goeasy Ltd > from Donville Kent

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Post by theinvestor22 on Jun 18, 2023 10:10am

from Donville Kent

From Donville Kent's May commentary: GoEasy (GSY) - Sell-off & Recovery

• The stock sold off in March & April on the Federal Budget headlines about capping interest rates. This knee-jerk reaction was extreme and an overreaction. They have since updated their guidance and forecast 21% ROE and improving operating margins going forward which is phenomenal given where the stock is trading today. In May they reported 29% revenue growth, 58% loan growth and a 24% ROE. They lowered their expected net charge-off amount and have enough funding capacity in place to reach their 2025 forecast.

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