Review of goeasy Ltd.

MAR 12, 2026 - Because of the higher-than-expected defaults and rising credit losses, the company withdrew its financial outlook and three-year forecast, and warned that the losses could put pressure on some loan covenants. GSY has managed downturns well in the past, but credibility is now damaged and the past (good) execution cannot be relied on as much.
Though there were early signs such as the short seller report and the CEO leaving the company, this is still one of the rare blow-ups that not many people expected. The company could potentially recover, but it is highly uncertain whether they can do so and the timing of the turnaround may take years. Consequently, we are dropping our rating on Goeasy (GSY) by four notches to “C+”.

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goeasy Ltd. (GSY $38.23)
- $38.23 P/E (TTM): 2.83X Cap: $583M
- View GSY Profile
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Q: Will GSY continue to pay Dividends?

Read Answer Asked by Victor on March 31, 2026

goeasy Ltd. (GSY $38.23)
- $38.23 P/E (TTM): 2.83X Cap: $583M
- View GSY Profile
- View Questions on GSY
- View Reports on GSY

Q: As per my previous question and being down 68% today and if I take the hit and move on as you eluded to with far less capital available can you recommend your top 2 or 3 picks that would justify this move ? Tks Larry

Read Answer Asked by Larry on March 19, 2026

goeasy Ltd. (GSY $38.23)
- $38.23 P/E (TTM): 2.83X Cap: $583M
- View GSY Profile
- View Questions on GSY
- View Reports on GSY
Propel Holdings Inc. (PRL $18.63)
- $18.63 P/E (TTM): 9.3X Cap: $699M
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Q: A note to JR re. GSY and PRL,
Thank you for the comment. I commented about the ethics of GSY last week and I regretted it afterward. It was one of those notes that is better to reflect upon that send. Your points are good and valid.
Peter

Read Answer Asked by Peter on March 18, 2026