RE:Revised TargetsI am dissappointed in the SP YTD but cant complain compared to tech/ recent IPOs. Maybe people are worried about low-credit defaults but I dont see an event in the near future impacting these individuals. March 2020 a fair number lost income as Goeasy as an example didnt suffer massive losses. Both PRL and GSY have cost of funds on debt being over 1% lower than prior year. PRLs facilities have room to inprove.
Management has previously said expenses and defaults are higher on new account then stabilize.
Once the massive increase in new accounts stabilizes as a percent of holdings it will be great.