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goeasy Ltd T.GSY

Alternate Symbol(s):  EHMEF

Financial Services Credit Services
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

goeasy Ltd
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Comment by sureshotzon Mar 11, 2013 2:43pm
65 Views
Post# 21111841

RE: RE: RE: RE: RE: GSY News

RE: RE: RE: RE: RE: GSY News

Guess time will tell - unless you sold the 400 shares this morning there's not much a guy can do but wait and see.

I believe bank has two options: 1) Realize what (if any) monies are recoverable or 2) Write down debt.

I don't think a non-arms length transaction would fly here?

LGX has $25mm credit facility and $10mm cash on hand.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities