GoEasy

GoEasy

GSY

Last Updated On: October 12, 2018

Share Price On This Date: $46.24

Offers alternative financing services both online and through an expanding chain of retail outlets. 

Summary

This is what Peter Lynch would call a GARP stock. (Growth at a Reasonable Price) By my calculations the stock is trading at a p:e of around 13. This, for a company that has tripled its EPS over the last 4 years. They started out life operating a chain of rent-to-own stores that would rent out TVs, sofas, appliances, etc. to customers who didn't want to purchase the goods outright. In running this business they saw a need among their customers for credit that wasn't being met by the big banks. They saw a window to position themselves between the somewhat predatory payday loan stores and the disinterested, larger banks and to this end, they have been aggressively rolling out their Easy Financial network over the last few years. Revenues and earnings have been soaring and the company still sees room for plenty of growth. They are expanding their network into the province of Quebec, they are adding new customers to their existing outlets and they are adding new products to their growing suite of financial services.

For the full, in-depth review, please see Spotlight on GoEasy.

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