RE:RE:TDDeuteronomy818 wrote: TD Investment Conclusion
We like goeasy for five primary reasons: 1) the company's unique position within the Canadian financials space in that it is a growth company exhibiting a superior ROE; 2) the significant opportunity for continued growth in its current market as well as new verticals and potential geographic expansion; 3) credit risk is well-managed; 4) potential for additional acquisitions to further boost growth; and 5) track-record of rewarding shareholders via dividend increases. Additionally, management has a strong track-record of meeting or exceeding guidance; almost all of our estimates fall within guidance ranges.
So why are we sinking? Makes no sense
The broader markets not doing well at the moment. None of this lower share price is company specific but rather negative market sentiment. The higher interest rate has to weigh a little on the company but their operating margins will still be superior.