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goeasy Ltd T.GSY

Alternate Symbol(s):  EHMEF

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

Bullboard Posts
Post by TimeScapeon Feb 13, 2020 2:08am
158 Views
Post# 30683689

Great Results

Great ResultsWith top line growth of 20%, adjusted net income growth of 42% and a dividend increase of 45%, this stock should really have a big move up Thursday.  Current quarter adjusted earnings of $1.45 would be $5.80 for a year.  Forecast is for continued major growth for the next 3 years, with margins maintained.  Might earn $7.00+ this year.  With this growth, I can see this stock having a 15 X current year earnings multiple, which would put the price over $100 a share.  Despite the stock price increase over the last few years, it still looks cheap IMO.
Bullboard Posts