goeasy (GSY-T)

Long time investor. Has owned for over 10 years. Recent share price weakness a good time to buy. Market has oversold some of the recent  announcements. Expecting loan book to grow to $6 billion. $30/share earnings not out of the question. A 6x earnings multiple would imply a ~$180 share price. 

It is a non-bank credit company. If you're looking for a specialty finance company there are a number of larger more mature ones out there. This one has too much volatility for him.

Continues to be a super-strong company. In the face of uncertainty and adversity, continues to move higher. Earnings and dividend continue to grow. One concern is what happens if there's a significant slowdown, (as lots of their loans are unsecured)? Loan loss numbers just get better and better.

Robust cashflow, consistent revenue growth. Company looks pretty strong. He'd like to see it demonstrate consistent earnings growth; if it did, he'd move it from Buy to Strong Buy. Don't let short-term performance dissuade you on this one.

GSY posted EPS of $4.1 vs $4.03 expected. Revenues were $378 mln vs $373 mln expected. Revenue view for the full year looks in line with expectations as well with the longer-term growth guidance increased. Revenue and EPS were up 25% and loan growth was up 37%. Overall we don't see a whole lot to pick on here. 
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The greater the base, the better the case. Once you get a breakout from a long base, it's good news. From chart, might be coming into a level of resistance seen in 2021. May pause and retrace closer to 200-day MA, but if it breaks through, more upside. Overall, looks pretty good.

Very good business - one of top holdings. One of the best financial companies in Canada. Consistent return on capital. Trades at single digit multiple. Safe dividend that is healthy. Recent CEO change a surprise - but not a concern (will continue to own shares). Has been adding new business lines to the company which will generate more profits. 

Chart's pulled back, but still participating in the rally. Great choice in the financial services sector, doing well compared even to some Canadian banks. 18% upside to street's price target. Nice upward trend, sees it continuing. Until it breaks down, she likes it.

Quality company, but worried about credit cycle. Unemployment numbers ticking up. Sub prime borrowers could be affected by upcoming credit crunch. Would recommend holding off from investing in this company for now. 

This is a new development so pay attention; could be good, could be bad. Reached resistance around $200. He'd wait and see whether it breaks out. Hold for now, but if it continues to break down, he'd be out.

If it's growing at 20-40% in an industry that's not growing at the same rate, why are they growing so much? Exceptionally well managed. Given the economy, won't lack for customers in the near term. See his Top Picks for a similar name in the space.

Founder-run, founder-owned. Some debt, as it's part of the business model. Tremendous job of increasing shareholder wealth, should continue. Only hiccup is that this type of business is not particularly savoury or win-win from a society perspective.

See his Past Top Picks for his choice in the space.