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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 Sumarianon Dec 13, 2014 7:30am
126 Views
Post# 23227075

RE:No insider buying?

RE:No insider buying?Fabrice recently bought at 20. He said a worsening economy could impact default rates but that the company did OK in 2008/2009. 
I do not believe we will be at low oily prices for more than 6 months as I think Saudi Arabia is doing this to drive out shale producers in the US. I do not see a structural issue here which will cause oil to be this low or lower for years to come. Oil may still go lower but I expect to see 80 far sooner than later.

As for EasyHome, I wonder whether a deteriorating economy would not pick up business as more people would go to them for loans? Even if the default rate were to increase, I wonder whether more loans would offset this? I am not an expert in this business so perhaps others know more.
Bullboard Posts