Q: Still waiting for a reply to.yesterday question but thought I would like to add this. A recent question with concerns on this disaster with suggesting that go easy has dropped 75% in the past and recovered .Do you know how long it took and would you think that go easy will survive and 115. Would be attainable? Or are the circumstances so different this time to suggest that ? Thanks Larry
5i Research Answer:
Prior circumstances were more market and rate related. This round seems far more company-specific, and credit quality and control issues. Management either was incompetent, or were doing something more nefarious with reporting credit issues. In the first half of 2022 GSY fell more than 63% and took two years to recover. In March 2020 it fell 48% but recovered in five months. In 2011 it fell 70% and recovered fully in 18 months. In 2008 and 2009 it fell nearly 80% and was fully recovered by June 2014. Please see our Member update today for a report and portfolio adjustments.