Review of goeasy Ltd.

JUN 13, 2024 - Goeasy (GSY) is a leading non-prime consumer lender that offers leasing and lending products to Canadian consumers. It operates under three main brands: easyhome, easyfinancial, and LendCare. GSY is a well-established non-prime consumer lender that has a history of strong top-line sales growth through its high operating leverage, which in turn allows it to lend out more credit. Due to its long-term resilience, reasonable valuation, continued high growth levels, and ability to gain market share, we are increasing our rating by one notch to an ‘A-‘.

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goeasy Ltd. (GSY)

Q: Hi Team,
On Jan. 15th Jordan Zinberg from Bedord Park Capital had Gsy as a top pick. He mentioned that GSY has a credit card. Is this true? I knew that the credit card was being looked into and possibly in development but I had not heard that it was active. I tried looking on the goeasy website by the investor presentation hasn't been updated for almost a year now. If you could share any info you have on this that would be great. I would think a credit card could be a big growth engine going forward for GSY.

Thanks,
Shane.

Read Answer Asked by Shane on January 27, 2025

Q: Hi, you have indicated that both of these stocks serve similar areas and should do well as interest rates fall. What are the potential benefits of each of these for the next 3 years, which would you choose first, and why? Thank you for an interesting service.

Read Answer Asked by Alan on January 28, 2025

Q: My partner is opening a new TFSA account. What 5 stocks would you recommend for a 10+ year investment today, emphasis on growth?

Read Answer Asked by John on January 27, 2025