Q: Is Goeasy a buy at today’s price? It seems like a very generous dividend. Is it safe?
5i Research Answer:
GSY's dividend has survived recessions, covid and the financial crisis. It was just raised in February. While no dividend is guaranteed, we would consider it secure. The stock is very cheap, and investors seem to be pricing in a recession here before one even starts. Also, recessions are not always bad for the business: customer count can grow. We would be comfortable buying some today.