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Stocks rally despite hot inflationMarkets rebound, crypto climbsTSX climbs, Wall Street mildly declinesThis summary was created by AI, based on 21 opinions in the last 12 months.
Experts have varying views on the company goeasy, with some highlighting its strong management, dividend growth, and financial performance, while others express concerns about high interest rates and regulatory uncertainty. The company has shown consistent growth and resilience in managing credit losses, but there are mixed opinions about its potential performance in a recessionary environment. Overall, goeasy appears to be a well-managed company with potential for growth, but with some accompanying risks.
Might be technically a bit of a head and shoulders patterns, but still more to go. Solid last quarter, EPS beat by 10%. For stock to work, need no recession, and there's 70-80% chance of no recession at this point. 8x, 16% growth rate.
A non-traditional (aka: high-interest, high default rate) lender. He owns it, because both earnings and price momentum have been in his favour. Has had a considerable bounce.
For a stock like this, don't buy your position all at once. Buy 1/3 of your position. Then, in 2 weeks or a month, buy another 1/3. If it goes down and you still like it, makes buying that second 1/3 very easy. Very hard to pick the bottom, or the top.
It is the biggest position in his fund and his personal holdings. It is positioned extremely well along with a consistent ROE of over 20% over the past 10 years. It grows its earnings well and is the top performing financial stock in the past 10 years. It has met or exceeded its targets every time and is innovative with new markets and products. It could be introducing a credit card product this year. Its lending business is non-prime and it has 400 locations as well as a point-of-sale business.
Still not expensive at 8x 2024, with 16% growth rate. Technically, had a big move, seeing a head and shoulders pattern. Solid last quarter, record earnings, stable credit. Earnings up 30% YOY. Well positioned to navigate rising rates. Key concern is can it hold these levels in a recession? Better view is yes. A name to own on a pullback.
A top compounder since 2012 when they became a non-prime lender. They continued to raise their dividend. They're moving into car loans, which is underserved in Canada. In recent years have done a great job reducing their debt. Trades at a low PE. The only caveat is a recession. Howeer, 41% of their loans are secured by assets.
(Analysts’ price target is $183.11)It looks cheap, but GSY is a non-prime lender that's unsecured at very high interest rates. He's not saying their business isn't good, but if we're headed into a recession, he'd be worried about GSY. They recently had to refinance a bond that was much higher than the maturing rate, so he wonders what their cost of capital will be.
Likes business. Seeing $150 price target. Good loan growth. Record levels of new customers. Current share price very cheap at 9x earnings. Regulatory uncertainty a concern, but not too much. Would recommend investing.
We are still positive on the company. GSY has adapted well to new regulations, and as one of the largest in the sector its smaller competitors are having a harder adjustment to interest rate caps. Growth may slow in a higher interest rate, recessionary environment, but we think the very low valuation already reflects a lot of this risk. We think it will be higher in a couple of years, perhaps significantly if rates fall and/or there is no recession.
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A great chart. It has been basing for a year and is trying to break out. It could break out strong, but would like to see a more positive move before jumping in.
Does not own shares at the moment.
Management has executed very well.
Discovery of short term loan business model very profitable.
Tremendous growth in short term unsecured money business.
Loan losses have been stable.
goeasy is a Canadian stock, trading under the symbol GSY-T on the Toronto Stock Exchange (GSY-CT). It is usually referred to as TSX:GSY or GSY-T
In the last year, 15 stock analysts published opinions about GSY-T. 11 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for goeasy.
goeasy was recommended as a Top Pick by on . Read the latest stock experts ratings for goeasy.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
15 stock analysts on Stockchase covered goeasy In the last year. It is a trending stock that is worth watching.
On 2024-03-18, goeasy (GSY-T) stock closed at a price of $162.5.
Suffers headline risk, because it's a subprime lender, but are very well-managed. He holds a large position. They keep raising the dividend and are managing credit losses. The stock can double in 3-4 years as you collect the dividend. It will sell off on bead headlines though.