Q: Regarding Sheldon's question about the drop in GSY on March 25th, a consumer credit lender, CURO Group Holdings, filed for bankruptcy today. There are more details in the press release. CURO now trades for 7 cents, down from $20 two and a half years ago, so it's been a long slide into insolvency, the opposite of GSY, but it makes some people nervous enough to sell.
5i Research Answer:
Thank you for this; we were looking fo info on GSY and its major competitors, but this news did not pop up in our feeds. CUROQ has been struggling for quite some time so we are surprised it had an additional impact.