RE:Goeasy vs Propel Holding (PEL.TO)
ssnowdday wrote: Just discovered sone weeks ago, Propel Holding. Their expention seems very promising. Is that stock could be a Goeasy like stock, at his begining? + Dividend already. " Propel expects to report record loans and advances receivable of between $103 million and $106 million as at December 31, 2021, representing year-over-year growth of between 100% and 105%. "...
Just buy Goeasy instead. The banks don't get involved and it is an undeserved market that keeps growing. I have owned this stock when it was called Easyhome and it was a profitable furniture lending company back then. What I always liked about the company was its low PE ratio while maintaining strong earnings growth year after year.
This stock should at least double every 3 years given its strong return on equity.