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Hi Dan and Matt! Could you provide an updated report on GSY please? Also, I’m curious to understand why you didn’t recommend to buy when all stocks were at their lowest in March. I waited to see if there would be another leg down but now lost the opportunity for the significant recent upside. I would like to better understand your rationale. Thanks! Brigitte
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Hey Brigitte. Here is our updated report on GSY. https://www.stocktrades.ca/premium/custom-stock-reports/goeasy-ltd-gsy-to/ Marked as spam
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Hey Brigitte. If you'd like an updated report on Goeasy, we will definitely provide one! Marked as spam
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Hey Brigitte! Fair questions. First I'll speak to Park Lawn and Lightspeed. Park Lawn was placed on our Bull list on April 4th. So when we refer to Park Lawn bouncing back 30% from its lows, we are simply referring to the fact that it gained 30% from its lows in March over the course of April. If we have a stock on our Bull list with a "Bullish" status, that is our exact stance on the company at that time. Right now we have 13 stocks on our Growth Bull List and 5 on our Dividend Bull List. Air Canada is the only one we have that doesn't have a Bullish stance. That means we'd be comfortable taking long positions on 12 of the 13 growth stocks and all 5 of our dividend stocks. We've been Bullish on LSPD since we added the stock in 2019. So this means we would have been comfortable taking a long position at any point. It's a fair question that we get a lot, as people second guess our stances on some of these stocks. And I understand it, a lot of services push out a report and it sits there stale and outdated for a long time, so people question whether the people behind the suggestion still believe in it. It's exactly why we update all of our Bull list stocks 4 times a year, every single quarter. And if we do change our stance on an individual stock, you'll know immediately. I hope this answers your first question. Now, on to Goeasy, which is a little tricky. Hindsight is 20/20 and it's easy to sit back and think of it as an opportunity missed. However if we had recommended Goeasy back in March, some would be be sitting back and thinking "why are these guys suggesting an alternative lender while the economy is on the verge of shutting down." The fact is, there was almost no concrete facts of how badly COVID-19 was going to effect alternative lenders, so us recommending the stock would have been a large amount of speculation. And it's important to note, we still don't know how bad it's going to be, as Goeasy hasn't even reported a full quarter with COVID-19 impacts. Just as a note, Both Mathieu and I are long Lightspeed, and Mathieu is also long Goeasy. Marked as spam
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