goeasy | StockChase
83
goeasy (GSY-T)

Last Price Recorded: $36.0000 on 2017-12-15

ON STOCKCHASE SINCE Nov 2010

Formerly Easyhome (Sept 2015)

merchandising/lodging
83
goeasy (GSY-T)

Last Price Recorded: $36.0000 on 2017-12-15

ON STOCKCHASE SINCE Nov 2010

Formerly Easyhome (Sept 2015)

merchandising/lodging

goeasy


Signal Opinion Expert
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

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
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$36.000
Owned 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

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
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$33.230
Owned 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

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
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$31.250
Owned 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

(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
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$30.440
Owned Owned
No

HOLD
goeasy(GSY-T) 

October 17, 2017

This is the old Easy Home where they had rentals of furniture. It was very useful for Newfoundlanders who went to Alberta. The company has switched very largely and its patent business is now in the lending game, and is pretty good. Dividend yield of 2.5%.

merchandising/lodging

This is the old Easy Home where they had rentals of furniture. It was very useful for Newfoundlanders who went to Alberta. The company has switched very largely and its patent business is now in the lending game, and is pretty good. Dividend yield of 2.5%.

merchandising/lodging
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$29.330
Owned Owned
Unknown

PAST TOP PICK
goeasy(GSY-T) 

October 12, 2017

(A Top Pick Oct 26/16, Up 20%)  They now have a financial company who provide super high rate loans to people who can’t get them anywhere else.  They know they will have a big default rate and that is worked into their business.  They just went into Quebec and are seeing hug expansion there.

merchandising/lodging

(A Top Pick Oct 26/16, Up 20%)  They now have a financial company who provide super high rate loans to people who can’t get them anywhere else.  They know they will have a big default rate and that is worked into their business.  They just went into Quebec and are seeing hug expansion there.

merchandising/lodging
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$29.480
Owned Owned
Yes

PAST TOP PICK
goeasy(GSY-T) 

September 14, 2017

(A Top Pick Sept 21/16. Up 27%.) Continues to be a nice business. They keep executing really well. Do loans to people who don’t have the best credit, so loan rates are really high. They’ve recently gone into Québec. Trading at a great valuation.

merchandising/lodging

(A Top Pick Sept 21/16. Up 27%.) Continues to be a nice business. They keep executing really well. Do loans to people who don’t have the best credit, so loan rates are really high. They’ve recently gone into Québec. Trading at a great valuation.

merchandising/lodging
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$29.470
Owned Owned
No

TOP PICK
goeasy(GSY-T) 

August 22, 2017

Business is pretty good and growth is impressive.  It is priced at 9 times earnings.  Investors don’t believe the growth or think the improving economy will work against them.  Investors should pay more attention to it.  (Analysts’ target: $40.00).

merchandising/lodging

Business is pretty good and growth is impressive.  It is priced at 9 times earnings.  Investors don’t believe the growth or think the improving economy will work against them.  Investors should pay more attention to it.  (Analysts’ target: $40.00).

merchandising/lodging
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$26.180
Owned Owned
No

COMMENT
goeasy(GSY-T) 

July 25, 2017

Why would you want to be lending money to a society that is already one of the most indebted societies of the world, Canada, to the most disadvantaged people that are the least capable of paying their loans? The company makes its money selling couches and TVs, and lending them money to do so. Lending money to generate sales is never a good idea.

merchandising/lodging

Why would you want to be lending money to a society that is already one of the most indebted societies of the world, Canada, to the most disadvantaged people that are the least capable of paying their loans? The company makes its money selling couches and TVs, and lending them money to do so. Lending money to generate sales is never a good idea.

merchandising/lodging
John O'Connell, CFA

Chairman and CEO, Davis Rea...

PricePrice
$28.000
Owned Owned
No

TOP PICK
goeasy(GSY-T) 

July 5, 2017

An alternative lender in Canada, mostly doing what is called instalment loans. An interesting niche between bank financing and payday loan financing, where they will service credit ratings between 4.50 and 5.75. All of the lending is income based, so they do very strict income verification. A very, very well-run business with very, very high net interest margins. Dividend yield of 2.6%. (Analysts’ price target is $41.)

merchandising/lodging

An alternative lender in Canada, mostly doing what is called instalment loans. An interesting niche between bank financing and payday loan financing, where they will service credit ratings between 4.50 and 5.75. All of the lending is income based, so they do very strict income verification. A very, very well-run business with very, very high net interest margins. Dividend yield of 2.6%. (Analysts’ price target is $41.)

merchandising/lodging
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$27.300
Owned Owned
Yes

COMMENT
goeasy(GSY-T) 

June 23, 2017

Subprime lending with an average duration of 3-6 months. Extremely high interest rates for people who can get loans from banks. He exited his position because the stock had such a huge run, and he thought it was getting fairly valued. There is still a lot of growth in the company. Because these are subprime loans and his views on Canadian housing, he would have a kind of negative 1-2 year view on this. He will be watching to see if the stock takes a plunge before he gets interested. He likes management.

merchandising/lodging

Subprime lending with an average duration of 3-6 months. Extremely high interest rates for people who can get loans from banks. He exited his position because the stock had such a huge run, and he thought it was getting fairly valued. There is still a lot of growth in the company. Because these are subprime loans and his views on Canadian housing, he would have a kind of negative 1-2 year view on this. He will be watching to see if the stock takes a plunge before he gets interested. He likes management.

merchandising/lodging
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$29.440
Owned Owned
No

DON'T BUY
goeasy(GSY-T) 

June 22, 2017

A very interesting business.  They used to just lease furniture and then grew their finance side.  They recently announced they are in Quebec. It takes about 9 months for branches to get up to a million in loan value.  It seems one of their branches got there in a couple of months.  They had such rapid growth that the market worries where will they get financing.  If the economy turns down their bad debt expense will go through the roof. 

merchandising/lodging

A very interesting business.  They used to just lease furniture and then grew their finance side.  They recently announced they are in Quebec. It takes about 9 months for branches to get up to a million in loan value.  It seems one of their branches got there in a couple of months.  They had such rapid growth that the market worries where will they get financing.  If the economy turns down their bad debt expense will go through the roof. 

merchandising/lodging
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$29.960
Owned Owned
Unknown

COMMENT
goeasy(GSY-T) 

April 11, 2017

This has had a pretty good run over the last year or so, so it is a little expensive and he would hold off purchasing until it drops 10%-15%. It could come down a little. These growth names have to take a pause at some point. This is leasing furniture and high rate loans, and he is not a fan of the business.

merchandising/lodging

This has had a pretty good run over the last year or so, so it is a little expensive and he would hold off purchasing until it drops 10%-15%. It could come down a little. These growth names have to take a pause at some point. This is leasing furniture and high rate loans, and he is not a fan of the business.

merchandising/lodging
Cole Kachur

Senior Wealth Advisor, ScotiaWealth Managem...

PricePrice
$36.390
Owned Owned
No

BUY
goeasy(GSY-T) 

March 27, 2017

In their last quarter they had a big dividend boost.  They are growing quickly but the PE is only 10-11 times.  He likes it a lot.

merchandising/lodging

In their last quarter they had a big dividend boost.  They are growing quickly but the PE is only 10-11 times.  He likes it a lot.

merchandising/lodging
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$28.520
Owned Owned
Unknown

TOP PICK
goeasy(GSY-T) 

January 25, 2017

This is in the alternative finance business with loans from $1500-$15,000. Business has been growing phenomenally, about a 20% compounded rate from 2000. The stock is trading at less than 10X earnings. There will probably be a dividend bump this year. Dividend yield of 1.68%. (Analysts’ price target is $33.75.)

merchandising/lodging

This is in the alternative finance business with loans from $1500-$15,000. Business has been growing phenomenally, about a 20% compounded rate from 2000. The stock is trading at less than 10X earnings. There will probably be a dividend bump this year. Dividend yield of 1.68%. (Analysts’ price target is $33.75.)

merchandising/lodging
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$29.730
Owned Owned
Yes

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