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!