RE:RE:RE:RE:RE:RE:RE:RE:Market Moversextremerisk 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!!!