Q: Are you concerned about Goeasy at all. The stock has dropped meaningfully in the past month.Is there anything specific ?
5i Research Answer:
Interest rates ticked up again in the past two months, and this has hurt some financial and dividend stocks. We see no additional news on the company, and are not overly concerned here. It has managed the new credit rules admirably, and decent growth is still expected. The stock remains quite cheap and is a leader in the Canadian sector.