94

goeasy (GSY-T)

ON STOCKCHASE SINCE Nov 2010

Formerly Easyhome (Sept 2015)

merchandising/lodging

goeasy
GSY-T

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Signal	Opinion	Expert
COMMENT	goeasy(GSY-T) January 23, 2019 He owned it quite a while ago. It collapsed late last year following a recent financing. Earnings have been good, but as a lender they may have been faced with growing default rates. He feels the margins are still expanding. It is a good story, but he has not bought into it due to the negativity around high interest rates being charged to customers. merchandising/lodging 0 0 0 0 0 0 comments	He owned it quite a while ago. It collapsed late last year following a recent financing. Earnings have been good, but as a lender they may have been faced with growing default rates. He feels the margins are still expanding. It is a good story, but he has not bought into it due to the negativity around high interest rates being charged to customers. merchandising/lodging 0 0 0 0 0 0 comments Peter Imhof Vice Presi, AGF Investments Inc... Price $40.080 Owned No

PAST TOP PICK	goeasy(GSY-T) January 11, 2019 (A Top Pick Nov 16/17, Up 33%) It would have been even higher six months ago. They do sub-prime lending and have done a good job lowering their cost of capital. There is a lot of runway for growth. They pay a dividend, but have been smart with their cash management. merchandising/lodging 0 0 0 0 0 0 comments	(A Top Pick Nov 16/17, Up 33%) It would have been even higher six months ago. They do sub-prime lending and have done a good job lowering their cost of capital. There is a lot of runway for growth. They pay a dividend, but have been smart with their cash management. merchandising/lodging 0 0 0 0 0 0 comments Fabrice Taylor Publisher, The President's Club... Price $43.460 Owned Yes
HOLD	goeasy(GSY-T) December 12, 2018 He has owned in the past, but is not in it today. Their business has been accelerating. Their loan book is close to $1 billion. There is a short report against them right now -- some legislation that may limit the rate of interest they can charge. He thinks you have to watch the economic cycle as these are high risk loans. In the last week the company bought back shares and there is a lot of insider buying right now. merchandising/lodging 0 0 0 0 0 0 comments	He has owned in the past, but is not in it today. Their business has been accelerating. Their loan book is close to $1 billion. There is a short report against them right now -- some legislation that may limit the rate of interest they can charge. He thinks you have to watch the economic cycle as these are high risk loans. In the last week the company bought back shares and there is a lot of insider buying right now. merchandising/lodging 0 0 0 0 0 0 comments Bruce Campbell President , Stone Castle Investm... Price $33.460 Owned No
BUY	goeasy(GSY-T) November 15, 2018 They beat their numbers and came out with 2019-20 forecasts. Their consecutive growth rate should slow down. He thinks their share price is cheap. They are well financed. They have 5 solid years of history. At nine times earnings and 20% growth with a dividend that has been raised over time, he would be a contrarian and would step in now. merchandising/lodging 0 0 0 0 0 0 comments	They beat their numbers and came out with 2019-20 forecasts. Their consecutive growth rate should slow down. He thinks their share price is cheap. They are well financed. They have 5 solid years of history. At nine times earnings and 20% growth with a dividend that has been raised over time, he would be a contrarian and would step in now. merchandising/lodging 0 0 0 0 0 0 comments Peter Hodson CEO & Head, 5i Research Inc.... Price $39.470 Owned Unknown
DON'T BUY	goeasy(GSY-T) September 26, 2018 There continues to be concern over consumer debt levels and eventually this sector will come under substantial pressure. He wonders how much further the cycle has to go up. He would stay away. merchandising/lodging 0 0 0 0 0 0 comments	There continues to be concern over consumer debt levels and eventually this sector will come under substantial pressure. He wonders how much further the cycle has to go up. He would stay away. merchandising/lodging 0 0 0 0 0 0 comments Ryan Bushell President, Newhaven Asset Manag... Price $54.130 Owned No
HOLD	goeasy(GSY-T) August 10, 2018 It has done very well, going into the consumer lending space. They put up another good quarter of earnings and margins continue to grow. This stock could continue towards $60 this year. merchandising/lodging 0 0 0 0 0 0 comments	It has done very well, going into the consumer lending space. They put up another good quarter of earnings and margins continue to grow. This stock could continue towards $60 this year. merchandising/lodging 0 0 0 0 0 0 comments Mike Archibald Associate , AGF Investments... Price $52.350 Owned No
PAST TOP PICK	goeasy(GSY-T) August 3, 2018 (A Top Pick August 22/17 Up 70%) The growth on their financial division is really strong, they have great margins, and the valuation was very cheap at the time – trading at 9 times earnings. He would continue to endorse it. They have been delivering the results consistently over the past five years along with dividend increases. merchandising/lodging 0 0 0 0 0 0 comments	(A Top Pick August 22/17 Up 70%) The growth on their financial division is really strong, they have great margins, and the valuation was very cheap at the time – trading at 9 times earnings. He would continue to endorse it. They have been delivering the results consistently over the past five years along with dividend increases. merchandising/lodging 0 0 0 0 0 0 comments Peter Hodson CEO & Head, 5i Research Inc.... Price $44.730 Owned Yes
SELL	goeasy(GSY-T) August 2, 2018 He would 'go easy' on it. They have a heavy debt load. They know what they are doing. It is trading at an all time high. merchandising/lodging 0 0 0 0 0 0 comments	He would 'go easy' on it. They have a heavy debt load. They know what they are doing. It is trading at an all time high. merchandising/lodging 0 0 0 0 0 0 comments Benj Gallander President, Contra the Heard Inv... Price $43.490 Owned Unknown
TOP PICK	goeasy(GSY-T) May 8, 2018 This company’s loan business has grown so fast that this has dwarfed the rest of their business. They funded themselves with debt that they can continue to lend out for the next couple of years. He thinks the multiple is too low, that the market is not giving them enough credit for their success. The fear is that in a downturn, they will have huge provisions for losses, but he thinks they didn’t lose money during the credit crisis, so this fear is overblown. They control their book well. The stock price is volatile, so be ready for that. (Analysts’ price target is 49.20$) merchandising/lodging 0 0 0 0 0 0 comments	This company’s loan business has grown so fast that this has dwarfed the rest of their business. They funded themselves with debt that they can continue to lend out for the next couple of years. He thinks the multiple is too low, that the market is not giving them enough credit for their success. The fear is that in a downturn, they will have huge provisions for losses, but he thinks they didn’t lose money during the credit crisis, so this fear is overblown. They control their book well. The stock price is volatile, so be ready for that. (Analysts’ price target is 49.20$) merchandising/lodging 0 0 0 0 0 0 comments Fabrice Taylor Publisher, The President's Club... Price $39.000 Owned Yes
COMMENT	goeasy(GSY-T) April 11, 2018 A thinly traded company, because it's a small cap. They've done a great job of growing. Management has laid out goals they want to reach within three years, and in the past they have met all their goals. A caveat could be people defaulting on their loans. Pays a 2.6% dividend yield that contonues to grow. merchandising/lodging 0 0 0 0 0 0 comments	A thinly traded company, because it's a small cap. They've done a great job of growing. Management has laid out goals they want to reach within three years, and in the past they have met all their goals. A caveat could be people defaulting on their loans. Pays a 2.6% dividend yield that contonues to grow. merchandising/lodging 0 0 0 0 0 0 comments Bruce Campbell President , Stone Castle Investm... Price $34.590 Owned Unknown
PAST TOP PICK	goeasy(GSY-T) January 24, 2018 (A Top Pick Jan 25/17. Up 30%.) This continues to execute very well. They discovered there was a huge demand for unsecured loans in Canada, and so they just continued to grow. Have done a very good job of bringing down the bad debts and bad loans they had. Recently moved into Québec, and are seeing some accelerated growth in that area. merchandising/lodging 0 0 0 0 0 0 comments	(A Top Pick Jan 25/17. Up 30%.) This continues to execute very well. They discovered there was a huge demand for unsecured loans in Canada, and so they just continued to grow. Have done a very good job of bringing down the bad debts and bad loans they had. Recently moved into Québec, and are seeing some accelerated growth in that area. merchandising/lodging 0 0 0 0 0 0 comments Bruce Campbell President , Stone Castle Investm... Price $38.100 Owned Yes
COMMENT	goeasy(GSY-T) December 15, 2017 The valuation is really low. It is below 10X earnings and the dividend is relatively attractive. The growth rate is really quite high. As you get job growth in Canada, you'll get some mobility in the workforce, which helps the furniture business as well. Also, as you get economic growth in Canada, you lose less money on your higher risk loans you are making on the easy financial side. Conditions are really, really quite good for them. Doesn't think it will ever get to a 20X earnings multiple, but thinks it is worth more than the current multiple. There is some good potential upside. merchandising/lodging 0 0 0 0 0 0 comments	The valuation is really low. It is below 10X earnings and the dividend is relatively attractive. The growth rate is really quite high. As you get job growth in Canada, you'll get some mobility in the workforce, which helps the furniture business as well. Also, as you get economic growth in Canada, you lose less money on your higher risk loans you are making on the easy financial side. Conditions are really, really quite good for them. Doesn't think it will ever get to a 20X earnings multiple, but thinks it is worth more than the current multiple. There is some good potential upside. merchandising/lodging 0 0 0 0 0 0 comments Peter Hodson CEO & Head, 5i Research Inc.... Price $36.000 Owned Unknown
TOP PICK	goeasy(GSY-T) November 16, 2017 Leasing furniture and sub-prime lending it is more economically sensitive than a bank. They just raised a large amount of money. Whenever they make a loan they grow their earnings. Their loan book should grow and so should their earnings. A very well run company and a cheap stock at 11 times earrings. You might get a larger multiple. (Analysts’ target: $39.00). merchandising/lodging 0 0 0 0 0 0 comments	Leasing furniture and sub-prime lending it is more economically sensitive than a bank. They just raised a large amount of money. Whenever they make a loan they grow their earnings. Their loan book should grow and so should their earnings. A very well run company and a cheap stock at 11 times earrings. You might get a larger multiple. (Analysts’ target: $39.00). merchandising/lodging 0 0 0 0 0 0 comments Fabrice Taylor Publisher, The President's Club... Price $33.230 Owned Yes
DON'T BUY	goeasy(GSY-T) October 31, 2017 Chart shows a long consolidation break out in 2016. The last high was around $36. Is the current move going to go above that? It is showing signs of consolidation, and he personally would not buy this. It is very early in a probable consolidation period. merchandising/lodging 0 0 0 0 0 0 comments	Chart shows a long consolidation break out in 2016. The last high was around $36. Is the current move going to go above that? It is showing signs of consolidation, and he personally would not buy this. It is very early in a probable consolidation period. merchandising/lodging 0 0 0 0 0 0 comments Keith Richards Portfolio , ValueTrend Wealth Ma... Price $31.250 Owned Unknown
PAST TOP PICK	goeasy(GSY-T) October 19, 2017 (A Past Top Pick Jan 18/17, Up 16%) The stock is very, very cheap. It is trading at 9 times earnings. Their growth rate is beyond that and they offer a good dividend. It does not get the attention it deserves. He likes it on valuation. merchandising/lodging 0 0 0 0 0 0 comments	(A Past Top Pick Jan 18/17, Up 16%) The stock is very, very cheap. It is trading at 9 times earnings. Their growth rate is beyond that and they offer a good dividend. It does not get the attention it deserves. He likes it on valuation. merchandising/lodging 0 0 0 0 0 0 comments Peter Hodson CEO & Head, 5i Research Inc.... Price $30.440 Owned No

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