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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 fabdaq2021on Feb 20, 2021 12:09pm
213 Views
Post# 32618787

RE:RE:What I like

RE:RE:What I like I happened upon this one in 2013.  I was working fraud and the local easyhome store was ripped off huge - it was an identity theft issue.  I spoke to the manager and asked him what his losses were as this was a 20k loss and I was expecting the amount to be huge because of the downtrodden that have to use this type of service.  He assured me that as a whole their losses were kept under 7% i believe.  I remember contacting my banking friends in the industry who said that was their loss rate as well.  So I started buying.  I never bought over 50 until I bought some at 117.  Man what a story!! 
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