Opinions The Panic-Proof Portfolio (Stockchase Research)
goeasyGSY.TOTOP PICKSep 26, 2024
$178.79
Stock price when the opinion was issued
$41.83
As of Jun 24, 2026. Market Open.
Financial Services
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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
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As one of Canada's leading non-prime lenders to consumers, we reiterate GSY as a TOP PICK. We like that cash reserves are growing, while debt is aggressively retired. It trades at 12x earnings, 2.6x book and supports a ROE of 25%. Recently reported Q2 earnings set a record for the company as credit applications rose 34%. It's dividend is backed by a payout ratio under 30% of cash flow. We recommend maintaining a stop at $150, looking to achieve $227 -- upside potential of 27%. Yield 2.4%
(Analysts’ price target is $227.14)