goeasyGSY.TOPAST TOP PICKJul 04, 2023Stock price when the opinion was issued
As of Jun 04, 2026. Market Open.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They can adapt their pricing fairly easily with higher rates. Business could also improve if customers get tighter on money with rates rising. The company has been growing and recent large dividend increases makes it attractive. Unlock Premium - Try 5i Free
Has a super track record of financial returns, but there was a hiccup in the last federal budget which limited lenders to 35% maximum interest. Goeasy was charging 36%, so shares sold off hard. Investors have misunderstood the impact of this law, which he feels will be minimal. He reckons it's trading at 6x forward run rate earnings, incredibly cheap as it grows profits over 10 years 20% annually. Holds a large position.