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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

Post by fabdaq2021on Mar 01, 2021 6:42am
339 Views
Post# 32683560

explanation

explanationlol, well the initial stock split does absolutely nothing to the creation of wealth - it cuts the price of the shares in half (on a two for one) and doubles the shares you have - you are intitially even.  However, companies that split stocks are usually very successful companies and do so repeatedly.  The splits usually follow a pattern in that if the stock is split at $60 and its a two for one it will drive the price down to $30 and you've doubled your shares.  At this point the process starts all over again with successful companies as over time (another few years) the price goes back up to $60ish and another stock split is announced.  The Investment Reporter which is like the most successful newsletter out there always promoted stocks that did this.  Stocks like Couche-tard and in my case Petro Canada and Precision Drilling.  My example of success was with Petro Canada for example.  I'll keep it simple, bought a block one year, then another the next.  Bought at $30 and years later it went to 60ish.  They did a two for one then years later another two for one and one time a three for one.  In the end the price was always driven back up to around 60 but my initial 200 share purchase over a decade or so became 2400 shares.  The investment reporter preached this type of investing and they had a list of stocks that tended to do this over and over and over!  So without the splits in that example my shares would have had to climb to $720 a share and though not uncommon a price these days back then that would never have happened.  Stock splits used to be the rage back in the day and I think its easier as an investor to take profits as you come into more shares.  Hope this helped......and I think goeasy is a perfect candidate for such investing.    
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