RE:Mcreath on BNN just now alluding to an investigationPretty common stuff, I know all about the "payday loan" investigations that take place every so often, especially when they are busy and making a killing lending to people who are VERY high risk.... Some of them are awful, and I am happy to say that goEASY is not of that ilk, in my belief.
However, I could use a really solid shot to the share price, I am way too hesitant to buy more right now because I got used to the ridiculously low valuations over the past couple years.
Cheers!
fabdaq2021 wrote: MCreath was just on bnn and mentioned goeasy by name. I just caught the tail end and am wondering if anyone knows what he is talking about as I've tried googling the subject and have found nothing recently. He felt that an investigation was coming into companies like Cashmoney and Money Mart and the like. It sounded like it may have been announced. He felt the others (MM and CM) not goeasy would be the ones primarily looked at but felt this was the reason gsy fell over $11 bucs at one point today. I guess in late January Marketplace did an expose on these lenders and it didn't look good. One official felt the rates they charge should be kept at 20% plus prime given today's low rate environment. I don't see this as anything big but am wondering if anyone can clarify the snippet I overheard?