Q: I’m trying to decide which company to add money to for my TFSA. GoEasy has had quite the pullback from being over $200 not too long ago, and is cheaper than Propel. Can you make a case for which one you would choose? Thank you
5i Research Answer:
GSY is roughly twice the size of PRL and its growth rates are more moderate relative to PRL. In general, we think that PRL has more upside potential given its higher growth rates and larger presence in the US market. For long-term growth, we would side with PRL, but for a more conservative approach we prefer GSY.