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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 extremeriskon May 30, 2017 7:28am
194 Views
Post# 26299025

RE:RE:5.75% debt deal better than predicted

RE:RE:5.75% debt deal better than predictedI didnt buy any myself but think will do fine as the results for goeasy will continue to exceed expectations which will support the price both for the debentures and stock price..  Also competitive market has weakened since with the capital requirement rules for big banks like Citi they can not participate in this market segment.  Pretty well leaves goeasy alone in Canada with some smaller players. Not sure how slow or fast this debenture  is selling but is a bought deal and too fast of sale is not good as you want to price it just right.  LIke when you sell a house.  If sells on first day one always feels could have had a better price.  Cost of 5.75 percent is significantly less than previous funding round of 8 percent.  2.25 difference is great and will show up in future results.  As the regulatory pendulumn continues to swing I could see the rules being loosened again in 3-5 yeras and longer term goeasy is a take out by one of big banks.  The ROE, margins, growth rates are all outstanding and stock trades at prettty deep discount.  


Bullboard Posts