goeasy is one of our favourite financial stocks. Read our article to find out why!
Back in October, we wrote a bullish article on goeasy Ltd. (OTCPK:EHMEF) which we suggest you read here as it can give you a good idea of what we like about the company. Since then, the stock has more than doubled while the S&P 500 index has returned just over 20%. We've been long since before our first article and we continue to be long now even after the massive rally.
goeasy, which is mainly a subprime lending stock, is still firing on all cylinders, beating expectations, poised to grow by double digits, and is trading near fair value. In this article, we'll talk about why we still like goeasy, highlight the company's recent acquisition of LendCare, and do a valuation on the stock.
With both return on equity and earnings growth being around 30% per year and a consistent track record of beating expectations, goeasy is one of the best Canadian financial stocks you can buy. This is despite having 10-year total returns of over 2100%. We think there’s still upside here. Of course, this is just our opinion and is not professional financial advice.
*This is a premium seeking alpha article, so we can’t fully post it here.*