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goeasy Ltd T.GSY

Alternate Symbol(s):  EHMEF

goeasy Ltd. is a Canadian company that 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

Bullboard Posts
Comment by OptsyEagleon Jan 04, 2012 1:38pm
368 Views
Post# 19369370

RE: RE: RE: thats a lot of dierectocrs gttin whack

RE: RE: RE: thats a lot of dierectocrs gttin whack

The 3rd quarter of 2011 was significantly below analyst expectations and mine. 

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I can't say what caused the only 5 independant directors to resign, all on the same day, but if you think it was because they were all responsible for the bad things that happen in the company, and now there should be nothing but good things, I think you should shake your head and try to get a little more objective.

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Yes.  The 900,000 share purchase had me putting in a bid as well, but when you see director shuffles like we did, it makes me think that the purchase was more for control then for investment purposes.  Once an owner gets control of a company, they can make their rewards from the appreciation of the stock ...or they can make their money by granting themselves large salaries and bonuses.  This makes me think that the purchaser is planning the later not the former.  But, with the lousy disclosure that was given, how can anyone know.

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When in doubt, I will leave it out.   There are lots of stocks as cheap as Easyhome.  All the above is just my opinion.  Good luck to you.

Bullboard Posts