RE:RE:RE:RE:RE:Going to $100What's not to like about goeasy????
It's kind of stuck in a very weird spot, not big enough to be recognized as a major bank, and dealing in "risky" loans..... They keep doing the right things though... This is pretty easy to track and measure as a value play with high growth.... Buy any time it is on sale.
Cheers!
TimeScape wrote: I have also held since the Easyhome days - 1st purchase was in 2014 at $17.50, and have added several times since then, most recently in Dec 2018. Also added it to the 2 other accounts that I manage. GSY is rapidly gaining on BYD as my largest holding - made more on BYD (bought that one at $8), but GSY has gone up a ton lately. Hard to believe people were selling this in the low $20's just 9 months ago in the March panic selloff. Wish I had added some more then.
The thing is that GSY is still not an expensive stock. Great combination of cheap vaulation and very good growth. Analysts I respect, like Hodson and Donville, both still really like it a lot. I think a lot of investors still don't know abut it. It still isn't on the BNN stock ticker, and you very seldom hear it mentioned there. Market cap is still only $1.5 billion. Adjusted eps in most recent quarter was $2.00 (up 56%), so an annual run rate of $8.00/share. ROE was extremely good, at 33%. With that ROE and growth, the stock price multiple of about 12.5 times that annual run rate of $8 looks very undervalued to me. Looks to me like it should go much higher. Just announced a pretty big share buy back too, up to about 10% of the public float, after buying back about 7% of the float this year at an average of about $55.