TSX:GSY - Post Discussion
Post by
retiredcf on May 10, 2024 6:42am
Analyst Comment
Perhaps this played a small part, however, it needs to be taken with a grain of salt given his comments from 6 months ago. GLTA
DON'T BUY
goeasy(GSY-T)
09/05/2024
Wonderfully run. Management's been amazing at execution and growing the business. Margins are very good. ROE and cashflow can self-finance and grow. Concern has to do with where we are in credit cycle, sub-prime borrowers are more vulnerable.
Financial Services
Mike Vinokur
$180.430
No
DON'T BUY
goeasy(GSY-T)
28/11/2023
It looks cheap, but GSY is a non-prime lender that's unsecured at very high interest rates. He's not saying their business isn't good, but if we're headed into a recession, he'd be worried about GSY. They recently had to refinance a bond that was much higher than the maturing rate, so he wonders what their cost of capital will be.
Financial Services
Mike Vinokur
$132.850
No
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