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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

Comment by TimeScapeon Mar 29, 2023 1:34am
113 Views
Post# 35366231

RE:RE:RE:RE:RE:Why the big drop in share price?

RE:RE:RE:RE:RE:Why the big drop in share price?Good, quick response just released by the company.  They point out that they still expect to see an increase in adjusted eps even with the cap.  The current consumer loan portfolio average interest rate is 30% and new originations average 30% as well.  Revised estimates for 2023 will be released with the next earnings report, in May. Note that the ceiling is applied on a prospective basis, it does not impact existing loans, so the effect on the company's average lending rate will happen over several years.
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