GSY needs a deep dive into understanding their business before you invest. I believe they were discussed many times through investigative reporting as well. Subjects to consider: GSY: CEO change; customers tend to not own homes & rent; customers tend to keep their employment even during economy downturn; if it makes you feel better about the industry, it definitely provides a needed service legally (some cultures do not permit charging interest at all; but, it is legal in Canada) GSY is a long-term hold for me & I swing trade it as well (being mindful to not sell my long-term position). Nice dividend too!
Good comment. I wouldn’t feel comfortable owning this. To me, it would feel like investing in a cheque cashing place. Feels slimy. I’m sure I’m invested in equally slimy businesses somehow but this feels kinda wrong to me.
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GSY needs a deep dive into understanding their business before you invest. I believe they were discussed many times through investigative reporting as well.
Subjects to consider:
GSY: CEO change; customers tend to not own homes & rent; customers tend to keep their employment even during economy downturn; if it makes you feel better about the industry,
it definitely provides a needed service legally (some cultures do not permit charging interest at all; but, it is legal in Canada)
GSY is a long-term hold for me & I swing trade it as well (being mindful to not sell my long-term position).
Nice dividend too!
Excellent breakdown by the way!
Thank you!
Hard to get behind a company that basically preys on the misfortune of my fellow Canadians...
One could argue they provide a service when banks turn them away. Kind of showing now as they continue to get higher quality borrowers
People with poor credit need to get a loan somewhere....better GSY than shadier/illegal/dangerous options
Thank you for your insight!
My pleasure!
I own it. Love it.
Nice!
This one has been a rough ride for me without any growth, I will wait to see what happens around ex-date and decide to cut bait or not?
I imagine you bought near peaks in 2021?
@@StocktradesLtd April 24 …and Oct (after dip) 24 …it should come along
Do you have to sell your soul before you own this one?
😂
Good comment.
I wouldn’t feel comfortable owning this.
To me, it would feel like investing in a cheque cashing place. Feels slimy.
I’m sure I’m invested in equally slimy businesses somehow but this feels kinda wrong to me.
To each their own, but to be honest, I would invest in the Gambino Family if I knew they would make me money 😂
L
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@@AceVenturaXii Why does it feel slimy and wrong?