goeasy Ltd T.GSY

Excellent results

[TimeScape]

Results look really good to me.  Big dividend increase, up almost 50%.  Earnings per share up 55% to $2.24 for the quarter.  That's an annual rate of about $9 a share, meaning the stock is still trading at only about 13 times earnings despite the good stock performance.  Where else do you find a stock increasing earnings 55% but trading at a p/e of 13 times?  Great business, great stock.

[commodity16]

Its a hidden gem, surrounded by a market full of overvalued stocks. GSY just keeps pumping out results. Solid growth, solid company. This one is a buy and hold, add on dip stock that still trades at cheap valuation. Lots of long term potential here. 

[TimeScape]

Looks like there were quite a few people selling from 2:00 on, locking in profits before the earnings release, which dropped the share price by about $4.  Wouldn't be surprised to make that up and more in the near term.  Looking out a year, with a current run rate of about $9 a share in earnings, I would think they could get that to $11 or $12 a share by next year this time.  A

[Torontojay]

It is completely ignored by the markets. The banks will never get involved in this space so they have a huge market here in Canada. It is an easy 30+ % compounder year over year. 

[Torontojay]

  Original purchase price at $13 and I added to my position today.