Goeasy: TD Securities Initiates Buy Rating, Here's Why!

Ladies and gentlemen, buckle up! We've got a hot stock alert for you today. Goeasy Ltd. (TSX: GSY) has just been initiated with a BUY rating by TD Securities, and let me tell you, this is a no-brainer for investors looking to capitalize on the growing subprime lending market in Canada. Let's dive in and see why this stock is set to explode!



First things first, let's talk about the numbers. Goeasy's revenue in 2024 was a whopping $814.16 million, up 9.08% from the previous year. That's right, folks, we're talking about consistent revenue growth here! And earnings? A massive $283.11 million, up 14.20%. This company is printing money, and you need to be a part of it!

Now, let's talk about the strategic initiatives that are driving this growth. Goeasy has set its sights on a $7.75B loan portfolio by 2027, and they're well on their way to achieving that goal. In the fourth quarter of 2024 alone, their loan portfolio grew by 26% to $4.60 billion. That's not just growth, that's EXPLOSIVE growth!

And the best part? Goeasy's credit performance is rock solid. Their annualized net charge off rate was 9.1%, which is well within their forecasted range. This means they're managing risk effectively and maintaining the quality of their loan portfolio. That's a win-win for investors!

Now, let's talk about valuation. Goeasy's forward P/E ratio is a mere 7.57x, and its PEG ratio is 0.6x. That's right, folks, this stock is undervalued compared to its peers in the subprime lending market. With consistent revenue growth and a robust dividend, this is a stock that's primed for a breakout.

So, what are you waiting for? This is a BUY NOW opportunity! Goeasy is poised for growth, and TD Securities' Buy rating is just the icing on the cake. Don't miss out on this chance to get in on the ground floor of one of Canada's leading consumer lenders. Trust me, you don't want to be left behind when this stock takes off!

Remember, folks, this is a no-brainer. Goeasy is the stock to own in the subprime lending market, and TD Securities' Buy rating is just the beginning. So, do yourself a favor and get in on the action now!