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Is goeasy Stock Still Worth Buying for Growth Potential?


Published on 2024-12-10 21:21:07 - The Motley Fool Canada
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  • Based on its historical performance, Goeasy is easily one of the best growth stocks in Canada. However, it's crucial to consider the current trends before buying it.

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/ ]
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