RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - goeasy Ltd. Announces Pricing of US$400 Million of Senior Unsecured NotesYOU are the one missing the point. Housing does not pertain much to GSY.
In plain English, the poorer and more debt a consumer holds the lower his credit score the more customers will flock to GSY because the big banks won't serve them. Your fear mongering of this housing crash I've been hearing about simce 2011; all I see is mortgage holders who can't make monthly payments just get the payments added to their mortgage. I don't see anyone losing their homes. In this scenario prices will not drop. Housing is backed by the government here. This isn't the USA