Q: I'm thinking of moving what little money I have left in GSY over to add to PRL.
Do you see more upside in GSY or PRL and why.
I think both will survive because the demand from the credit market they serve will
exist for the long run.
Any thoughts/advice will be greatly appreciated.
John
Do you see more upside in GSY or PRL and why.
I think both will survive because the demand from the credit market they serve will
exist for the long run.
Any thoughts/advice will be greatly appreciated.
John
5i Research Answer:
We do think GSY will get through this but it will be in the penalty box for some time now and so we think a switch to PRL is fine. A bit of patience is likely needed given some headwinds in the space though. While PRL did hit some speedbumps about two quarters ago, they do seem to be on top of the issue and while not fully behind them, appeared to be normalizing.