Why goeasy Ltd stock is skyrocketing today
Shares of goeasy Ltd surged by nearly 6% in the latest trading session, reflecting strong investor confidence and strategic financial maneuvers.
wealthawesome.com/why-goeasy…
Por mencionar algunas, porque la lista de truños no te la acabas: Nagarro, Teleperformance, Newprinces, caída, telus, dnd, sbb, dole, gdi, mty, data group, goeasy...
News of the day: Bank of Canada's worries, Agnico Eagle's mining investment, falling rents, Goeasy results, workplace harassment allegations and more financialpost.com/uncategori…
$GSY GoEasy $225 to $29.50 in less than a year.
BNN "They are thwarting take-over bids"
Being acquired with most of the Board and the management team being replaced is probably a very good move.
Seriously, they need to be thwarting going to court.
Several Canadian law firms (e.g., Siskinds LLP/Strosberg, Berger Montague, Rochon Genova, Kalloghlian Myers, SMK Law) have filed or are actively pursuing proposed class actions in Ontario Superior Court.
goeasy $GSY
Canadian financial services company offering loans to non-prime borrowers and providing point-of-sale consumer financing....
the (long) share holders crying out to the shorts "goeasy" on us! please...
If you invest in $GSY GoEasy
Your just fine with a financial institution that...
"Expects to implement and test control improvements by the end of fiscal 2026.
Until then, $GSY indicates there is a reasonable probability that material misstatements to the financial statements may occur"
Are you actually kidding me ?
$GSY.TO — goeasy Ltd. | Q1 2026 Results
Canada's largest non-prime consumer lender posts first quarterly loss in years as merchant-originated auto/powersports portfolio hit by elevated charge-offs
📊 Q1 2026 Highlights:
• Revenue: $412.9M ( 2% YoY)
• Net loss: $(53.0)M (vs $38.7M Q1/25 restated)
• Diluted LPS: $(3.22) (vs $2.28 Q1/25)
• Adj. diluted LPS: $(1.90) (vs $3.49 Q1/25)
• Operating income: $28.9M (-80% YoY)
• EBITDA: $36.4M (margin 8.8% vs 38.9%)
• OCF: $122.3M (vs -$180.3M Q1/25)
⚡ Portfolio & Credit:
• Loan book: $5.36B ( 12% YoY, -3% QoQ)
• Originations: $551.3M (-19% YoY)
• Net charge-off rate: 17.8% ( 890 bps YoY, -600 bps QoQ)
• Total yield: 27.9% (-330 bps YoY, 130 bps QoQ)
• Allowance ratio: 10.09% (up from 9.57% at Dec/25)
• Active customers: 466,000 ( 7%)
💰 Capital Actions:
• Dividend suspended (indefinite)
• NCIB buybacks suspended (indefinite)
• Cash on hand: $356M ( 133% from Dec/25)
• Liquidity: $1.10B (only $360M currently drawable)
• Adopted shareholder rights plan May 12
🔮 Q2/26 Guidance:
• Loan book: $4.9-5.1B (declining before resuming growth later in year)
• Total yield: 27.0-28.5%
• Net charge-off: 16.0-17.5% (mid-teens for FY26)
This is the messy quarter the market was bracing for. Merchant-originated auto/powersports loans drove the $267M bad debt charge (up 84% YoY) and pushed GSY to its first loss. Management's six-point action plan is now executing: tighter underwriting, dividend/buyback suspension to preserve capital, and a rights plan to protect against opportunistic bids while the stock is depressed. The direct-to-consumer easyfinancial business remains profitable (op margin 11.5%). The thesis now hinges on charge-offs normalizing to mid-teens by year-end and the loan book troughing before resuming growth — neither is guaranteed.
Full analysis:
investorlens.io/stocks/GSY.T…#TSX#CanadianStocks#ConsumerFinance#NonPrimeLending#Earnings