Q: Hello,
Could you comment on why GSY is tanking?
Thank you
Could you comment on why GSY is tanking?
Thank you
5i Research Answer:
GSY reported earnings and is down roughly 12% after earnings with higher credit losses leading to an earnings miss. It appears to be an industry issue currently vs a GSY specific issue. Outside of this, growth looked good but markets are going to be a bit cautious with these names out of fear of credit losses worsening.