Bullboard - Stock Discussion Forum goeasy Ltd T.GSY

Alternate Symbol(s): EHMEF

goeasy Ltd. is a Canadian company that provides non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands. The Company's segments include easyfinancial and easyhome. The easyfinancial segment lends out capital in the form of unsecured and secured consumer loans to non-prime borrowers. easyfinancial's product offering consists of unsecured and real estate... see more

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goeasy Ltd > What

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Post by CHECKMATE77 on Dec 16, 2022 11:07pm

What

Last month an issue
today buy back shares

what am I missing

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Comment by Aarman4 on Dec 19, 2022 12:38am

You are possibly confusing "renewing NCIB", with "buying shares". Just because they renewed their ability to buy shares, does not mean they will, it just allows them to do it if they see fit. Cheers

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Comment by CHECKMATE77 on Dec 19, 2022 9:13am

It's the optics, they claimed the issue was to raise money to grow their business. Thus they need the cash. This is in odds to buying shares back, even at a lower price as they did suggest they needed cash.

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Comment by Aarman4 on Dec 20, 2022 1:54am

No, it's not. Many smart companies have an NCIB in effect, at all possible times, and you, if you're an actual shareholder, want that. It doesn't ruin contrary to anything they've said or done, it just gives them the ability to use another tool to increase shareholder value. If share prices drop fifty percent suddenly, yet the underlying business has not changed, do you REALLY want ...more

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