Q: With Goeasy down 25% in the last month….do you see any potential for near term catalysts?
5i Research Answer:
Earnings and/or lower interest rates will be the likely catalysts. We would not really expect an acquisition in the short term. Investors seem worried about rates, a recession and slower growth. But GSY has handled new regulatory rules quite well, better than its smaller competitiors. At 7X earnings we think it remains attractive.