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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 Torontojayon Nov 16, 2022 3:30pm
209 Views
Post# 35104536

My thoughts on Goeasy

My thoughts on Goeasy

I think this is one of the best long term plays out there. It is reasonable to assume the stock price will double in valuation every 3-5 years. The company will achieve and meet their 3 year targets. They always have. 

I think 2023 we will see higher delinquency rates on their loans with a more challenged economy but nothing too serious. Of course, with that comes more volatility. When the rollercoaster recession ride is over, this will resume its take off. If you are fortunate, you may have another opportunity to purchase this stock below $100 again in 2023. 

A great stock to tuck away in your rrsp's. You will retire sooner than you think. 



 

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