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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

Comment by Aarman4on Dec 31, 2020 12:31am
226 Views
Post# 32201455

RE:Rather new here

RE:Rather new hereIt's been awhile since I went through their MD&A, but from my memory, the furniture business is becoming miniscule relative to the money lending business of goeasy.....The company is still growing, and finding new ways to lend. 

Realistically, we are looking at a range now of where the company should sit normally, and grow from, however, covid needs to go away so people feel good about spending again, which in turn leads to borrowing.

Many "covid-borrowers" I would argue are unlikely to be safe enough to lend to in the current environment..... However, a tightening of requirements by banks for their products is what I believe will really drive sucess for goeasy, especially as they push closer and closer towards the banks in terms of what they offer, not necessarily getting away from high interest "risky" loans, but expanding towards areas neglected by the banks.

Cheers!

fishcarrier wrote: With all the home renovations, you would think that requires new furniture, new office chairs and desks, and so on, right? That would enhance Goeasy shares past the $100 mark soon. Happy New Year all!


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