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Strategies & Market Trends : Value Investing
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From: Paul Senior11/25/2024 5:10:07 PM
   of 78802
 
I've liked the subprime lending business, and have come across Canadian goeasy Ltd (GSY.to). I'm starting with a very small position, EHMEF I like the roe, the profit margins, the generally rising revenue over the past decade. Earnings have been positive, and up quite a bit over the past ten years. In addition to making different types of loans, a portion of the business "leases household furniture, appliances, electronics, and unsecured lending products to retail consumers". I'm not a fan of the lease-to-buy aspect, but the company has been doing it ok for more than 30 years. P/e 10 is reasonable.

finance.yahoo.com
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