GSY - GoEasy

[valueinvestor]

I didn't think I would be holding GoEasy for such a long period, but it's a stock that consistently surprises. The LendCare transaction seems synergistic and they've been purchasing stock opportunistically. 

Multi-bagger at this point, and yet I don't think it's expensive yet. 

[valueinvestor]

Planning on reinvesting after significant reduction due to the LendCare acquisition. It seems that subprime lenders are quite unpopular. 

45% earnings growth and yet 10-14x earnings with options in Affirm Holdings and Brim Financial.

Competitive advantage, they use online data marketing to acquire customers on the cheap. 

However does really get many running? It's a bit boring... however if I may say it's the Geico of Subprime, where they go past the broker model and acquire by being best known and most accessible and therefore has a lower cost structure. Flywheel. It may get your hearts racing right?

Edit: Not to mention the multiple expansion that may occur when the street realizes that it's not by pure luck they can underwrite 20%+ interest loans and grow at a rapid pace.

Anyone care to discredit the notion before I pile in? 

Edited June 1, 2021 by valueinvestor
Forgot another reason