RE:RE:Why the big drop in share price?cpeczek wrote: There is a rumour that the Federal Budget released today will lower the max interest rate to 35% (which is likely true because it was disclosed by an unnamed staffer). So that will mean that GSY will have to drop their max loan value from 46% to 35% and it will impact earnings. Mix that in with the loss they are taking on Canada Drives, recession talks and interest rates and that's where you get it.
If you have a long-term view, its a good time to buy, but it could be bumpy while this news is digested.
They do not charge 46% they charge max 35% on personal loans.