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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 Mirage57on May 13, 2020 10:47am
232 Views
Post# 31022029

RE:RE:RE:RE:RE:RE:RE:RE:Market Movers

RE:RE:RE:RE:RE:RE:RE:RE:Market Movers
extremerisk wrote:

Government has already said they will extend their programs as necessary.  Still don't see the risk. These programs are unprecedented. It has never happened before.  Reworking the loans just makes it even easier. 

Without government support goeasy goes bankrupt. That's why it dropped so fast to a little over 20. Once support announced one started to see the recovery.

extremist, with stock there is always risk, higher or lower but it is always present. Even holding a gold bars is a risk, they could be stolen and/or the gold value drops.
So, please allow me to rephrase the highlighted sentences as follows:
While there is the risk, this risk is reduced by the fact that 2/3 of Goeasy customer have their loans insured!!!
Government support significantly reduces the risk of bankruptcy and it also helps that 2//3 of loans are insured!!!

Bullboard Posts