goeasy | StockChase
82
goeasy (GSY-T)

Last Price Recorded: $33.3700 on 2017-11-20

ON STOCKCHASE SINCE Nov 2010

Formerly Easyhome (Sept 2015)

merchandising/lodging

goeasy


Signal Opinion Expert

2017-11-16

TOP PICK
goeasy (GSY-T)

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 Newsletter

Price: $33.230
Owned: Yes

2017-10-31

DON'T BUY
goeasy (GSY-T)

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 Management

Price: $31.250
Owned: Unknown

2017-10-19

PAST TOP PICK
goeasy (GSY-T)

(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.

Price: $30.440
Owned: No

2017-10-17

HOLD
goeasy (GSY-T)

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 & Associates

Price: $29.330
Owned: Unknown

2017-10-12

PAST TOP PICK
goeasy (GSY-T)

(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 Investment Management Inc.

Price: $29.480
Owned: Yes

2017-09-14

PAST TOP PICK
goeasy (GSY-T)

(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 Investment Management Inc.

Price: $29.470
Owned: No

2017-08-22

TOP PICK
goeasy (GSY-T)

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.

Price: $26.180
Owned: No

2017-07-25

COMMENT
goeasy (GSY-T)

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

Price: $28.000
Owned: No

2017-07-05

TOP PICK
goeasy (GSY-T)

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

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $27.300
Owned: Yes

2017-06-23

COMMENT
goeasy (GSY-T)

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 Strategies

Price: $29.440
Owned: No

2017-06-22

DON'T BUY
goeasy (GSY-T)

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 Investment Management Inc.

Price: $29.960
Owned: Unknown

2017-04-11

COMMENT
goeasy (GSY-T)

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 Management

Price: $36.390
Owned: No

2017-03-27

BUY
goeasy (GSY-T)

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.

Price: $28.520
Owned: Unknown

2017-01-25

TOP PICK
goeasy (GSY-T)

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 Investment Management Inc.

Price: $29.730
Owned: Yes

2017-01-24

BUY
goeasy (GSY-T)

This is on his radar screen. Recently broke out of a trading range at around $26. He likes to see that a company is moving higher on above average volume. A good company from a fundamental standard, and the technicals line up well with that.

merchandising/lodging
Jason Del Vicario

Portfolio Manager, HollisWealth

Price: $29.070
Owned: No

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