Q: Peter; With the article on LENDCARE, whose parent company is GSY, do you see this affecting GSY? Thanks,
Rod
Rod
5i Research Answer:
We presume you mean the Toronto Star article of four days ago. It is the usual re-hash of the loan business. Yes, the company charges high rates. But these are regulated by the government, and the company is lending to high-risk borrowers who have big default rates. There is nothing 'new' here. It is a hot political item as having seniors pay high interest is always a hot topic. But the company operates a regulated, legal business and we would not expect any new impact to the parent company.