Q: Hello team, I realize you have answered questions about the GSY results, but do you consider the level of the stock fall (now close to $25) to be a knee jerk reaction or is it sort of a confirmation of the short recommendation that happen last month and started the stock tanking? Thank you for your insights.
5i Research Answer:
The weak results largely appear to be related to general economic conditions and this view would seem to be supported by results at some other lenders as well, so we wouldn't draw a straight line from the short report from a while back to these results.