Wed, December 11, 2024
Tue, December 10, 2024

Is goeasy Stock Still Worth Buying for Growth Potential?

The article from Fool.ca discusses the investment potential of goeasy (TSX:GSY), a Canadian non-prime lender. Despite a significant stock price increase of 50% in 2023, goeasy remains an attractive option for growth investors. The company has shown robust financial performance with a 23% year-over-year revenue increase and a 35% rise in earnings per share in the third quarter of 2023. goeasy's strategy includes expanding its loan portfolio, enhancing credit quality, and maintaining a strong balance sheet. The stock's valuation, with a forward price-to-earnings ratio of 10.2, suggests it might still be undervalued given its growth prospects. Additionally, goeasy offers a dividend yield of 2.5%, which has been increasing, making it appealing for both growth and income investors. However, potential risks include regulatory changes and economic downturns affecting non-prime borrowers. Overall, the article suggests that goeasy stock could still be worth buying for those looking for growth potential.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/10/is-goeasy-stock-still-worth-buying-for-growth-potential/ ]