Latest news with #goeasy
Yahoo
14-06-2025
- Business
- Yahoo
Need $1,000 Each Month? How Much You Need to Invest in a TFSA
Written by Amy Legate-Wolfe at The Motley Fool Canada Many Canadians dream of earning $1,000 a month in passive income. For those using a Tax-Free Savings Account (TFSA), that dream is tax-free. But how much do you really need to invest to make it happen? The answer depends on which stocks you choose and how much they pay. Today, we'll look at three solid dividend-paying stocks on the TSX, and figure out how much you'd need to invest in each one to hit that $1,000 monthly goal. Goeasy (TSX:GSY) is a major player in non-prime consumer lending. It helps Canadians access credit when traditional banks say no. That includes personal loans and leasing furniture or appliances. It's been around for years and has a reputation for strong performance and rising dividends. In the first quarter of 2025, the lender posted revenue of $318 million, up 22% from the same time last year. Net income came in at $52.6 million, with earnings per share of $3.08. That's up from $2.73 in Q1 2024. The dividend stock currently trades around $155 and offers a dividend yield of 3.8%. The dividend stock has raised its dividend every year for almost a decade, and its payout ratio remains sustainable. If you're comfortable with a bit more risk for more growth, goeasy could be a strong pick. Then there's Exchange Income (TSX:EIF). It's a unique dividend stock with operations in aerospace and aviation services, as well as manufacturing. In Q1 2025, the acquisition-oriented company reported revenue of $668.3 million, up 11% year over year. However, net income dipped slightly to $9.6 million from $11.8 million in Q1 2024, mostly due to acquisition costs and some seasonal slowdowns. The dividend is paid monthly and currently yields about 4.6%. Exchange Income has a long track record of paying dividends and growing through smart acquisitions. It's not as high-growth as goeasy, but it's dependable. Finally, we have Transcontinental (TSX:TCL.A). This dividend stock used to be known for its printing business, but now it's more focused on packaging. In Q2 2025, it brought in $703 million in revenue and net earnings of $24.4 million. While print still brings in revenue, it's the packaging division that's helping the company evolve. An investment may appeal to conservative investors who prefer a lower-risk business model. The dividend has remained stable, though it hasn't shown the kind of rapid growth that goeasy offers. So how much do you really need? The short answer for a mix of the three is a total investment of $263,085 at writing. Overall, it depends on the stock. Exchange Income gets you there the fastest, while Transcontinental takes longer. Goeasy lands in the middle but offers more long-term upside. Here's how investors might want to break it down for the best passive income, earning just under $12,000 a year, at $11,563 or $963.55 each month. Company Price Dividend/yr Shares Invested Income/yr EIF $57.83 $2.64 3,500 $202,400 $9,240 TCL.A $21.16 $0.90 2,500 $52,900 $2,250 GSY $155.70 $1.46 50 $7,785 $73 Total $263,085 $11,563 Achieving a $1,000 monthly income in a TFSA isn't easy, but it's definitely possible with the right combination of high-yield stocks and a long-term mindset. Whether you focus on growth, stability, or a mix of both, knowing your numbers is the first step. Let your TFSA work smarter, not harder. The post Need $1,000 Each Month? How Much You Need to Invest in a TFSA appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Transcontinental. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
1 Financial Stock Down 25% to Buy Right Now
Written by Jitendra Parashar at The Motley Fool Canada Easing interest rates, steady commodity prices, and stronger-than-expected economic conditions have helped the financial sector outpace the broader TSX Composite Index over the past year. This is the reason why many investors who had been cautious are now revisiting this space with renewed interest. But despite the sector's sharp rebound, some high-quality stocks are still trading well below their recent highs. In this article, I'll talk about one such financial stock, goeasy (TSX:GSY), that's down roughly 25% from its 52-week peak, yet continues to post solid fundamentals and offers attractive long-term upside potential. If you don't know it already, goeasy mainly focuses on non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands. It helps millions of Canadians access personal and car loans, lease-to-own furniture and appliances, or get point-of-sale financing. GSY stock is currently trading at around $154.90 per share with a market cap of $2.5 billion. It also pays a quarterly dividend, translating into an appealing 3.8% annualized yield. Even though goeasy stock is down about 25% from its 52-week high, it's still up over 170% in the last five years. The recent decline in GSY stock over the past year can mainly be linked to a few key factors. At the macro level, a softer economic environment and less favourable macro indicators led to an increase in credit loss provisions. While that's created short-term pressure that temporarily hurt investor sentiment, the company's performance hasn't dropped off a cliff. In fact, its first-quarter results suggest that GSY stock is weathering the storm quite well. Despite economic worries, goeasy managed to grow its loan book by $190 million in the first quarter of 2025 and surpassed a $5 billion loan portfolio shortly after. It also generated strong demand from new customers, while seeing growth in areas like automotive financing and home equity lending. In the March quarter, goeasy reported a 24% YoY increase in its consumer loan portfolio and brought in over 43,000 new customers. Its adjusted net profit came in at $60 million, and its return on equity, even after adjustments, remained healthy at 20.4%. Similarly, the company's efficiency is also improving, with its first-quarter efficiency ratio down to 26.1% from 27.4% a year ago. While higher finance costs and cautious credit metrics added some pressure, goeasy is still profitable, expanding its reach and increasing its lending scale. Those are strong signs for long-term investors. goeasy has proven its ability to grow in all kinds of market conditions. It expects to grow its loan portfolio to as much as $7.8 billion by 2027. That's big, considering it just crossed the $5 billion mark. It's also investing in digital platforms, optimizing its pricing and collections strategy, and building stronger partnerships across retail and finance sectors. These factors could accelerate its financial growth trends in the long run and support a sharp recovery in its share price. Given that, the recent pullback in GSY stock might just be the golden opportunity long-term investors are looking for. The post 1 Financial Stock Down 25% to Buy Right Now appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
12-06-2025
- Business
- Cision Canada
goeasy Ltd. Surpasses $5 Billion Consumer Loan Portfolio
MISSISSAUGA, ON, June 12, 2025 /CNW/ - goeasy Ltd. (TSX: GSY), (" goeasy" or the " Company"), a leading consumer lender focused on delivering a full suite of financial services to Canadians with near to non-prime credit scores, announced today that it has reached the milestone of surpassing a $5 billion loan book. Achieving a $5 billion loan portfolio is a significant highlight in goeasy's journey. After surpassing the $4 billion loan portfolio mark in June 2024, the Company leveraged its scale and diversified its lending model to increase the loan book by another $1 billion only a year later. The Company is well-positioned to achieve its long-term growth objectives, expecting to organically grow the loan portfolio to between $7.35 billion and $7.75 billion by 2027. "We began our consumer lending journey in 2006 when easyfinancial was born, opening our first kiosk in Edmonton, Alberta. Since then, we have significantly broadened our range of consumer lending products to offer a wide variety of interest rates that cater to the entire non-prime credit market," said David Ingram, Executive Chairman. "Today, I'm proud to announce that goeasy has reached a $5 billion loan portfolio, solidifying our place as one of Canada's largest non-prime lenders. With over 400 locations, online and mobile platforms, and point-of-sale financing in multiple sectors through over 10,000 merchant partners, we've significantly expanded our reach and offerings, positioning ourselves for a bright and promising future." In the first quarter of 2025, the Company welcomed over 43,000 new customers, building on the record 315,000 loans issued in 2024. goeasy plays an essential role in the financial system by empowering the 9.6 million hard-working, everyday Canadians with non-prime credit to achieve the life they deserve. The Company offers a range of financial products and services, including unsecured personal loans, home equity instalment loans, point-of-sale financing through a large network of merchant partners, and lease-to-own merchandise. "We have reached the $5 billion milestone in our loan portfolio through the dedicated efforts of our easyhome, easyfinancial, and LendCare brands, proudly serving approximately 1.5 million Canadians," said Dan Rees, goeasy's Chief Executive Officer. "This achievement reflects our dedicated team and our exceptional ability to adapt in a constantly changing macroeconomic landscape, while staying true to the mission of providing a responsible and reliable source of financing for underserved customers." About goeasy goeasy Ltd. is a Canadian company, headquartered in Mississauga, Ontario, that provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. Supported by over 2,600 employees, the Company offers a wide variety of financial products and services including unsecured and secured instalment loans, merchant financing through a variety of verticals and lease-to-own merchandise. Customers can transact seamlessly through an omni-channel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement and healthcare verticals, through approximately 11,000 merchant partners across Canada. Throughout the Company's history, it has acquired and organically served over 1.5 million Canadians and originated over $16.6 billion in loans. Accredited by the Better Business Bureau, goeasy is the proud recipient of several awards in recognition of its exceptional culture and continued business growth including 2024 Best Workplaces™ in Financial Services & Insurance, Waterstone Canada's Most Admired Corporate Cultures, ranking on the 2022 Report on Business Women Lead Here executive gender diversity benchmark, placing on the 2024 Report on Business ranking of Canada's Top Growing Companies, ranking on the TSX30, Greater Toronto Top Employers Award and has been certified as a Great Place to Work ®. The Company is represented by a diverse group of team members from over 90 nationalities who believe strongly in giving back to communities in which it operates. To date, goeasy has raised and donated over $6.5 million to support its long-standing partnerships with BGC Canada and many other local charities. goeasy Ltd.'s common shares are listed on the TSX under the trading symbol "GSY". goeasy is rated BB- with a stable trend from S&P and Ba3 with a stable trend from Moody's. For further information contact: Dan Rees Chief Executive Officer [email protected] | 437-446-7324 SOURCE goeasy Ltd
Yahoo
12-06-2025
- Business
- Yahoo
How I'd Allocate $10,000 Across These 3 Brilliant TSX Stocks for Growth and Income
Written by Puja Tayal at The Motley Fool Canada Investing in the stock market is not just about buying the dip and selling the rally. Knowing what you want from your money is crucial in determining which dips to buy. If you want to put $10,000 to work and help you get growth and income for the long term, you might have to choose two different stocks. However, there are a few stocks that can give you both. A good strategy could be to invest in three stocks – one for income, one for growth, and one for both. Starting with the stock that gives you income and even grows your money in the long term. The non-prime lender goeasy (TYSX:GSY) is a stock that has given regular quarterly dividends and even grown them by strong double digits in 10 out of the last 11 years. goeasy is in the business of giving unsecured and secured loans through easyfinancial and easyhome brands. Over the years, it expanded its business horizontally by Offering new loan products — point-of-sale financing and automotive loans — and ancillary services like creditor insurance and warranty coverage; Expanding its distribution channel; Expanding its Canadian presence; and Strengthening its underwriting model to give loans to more customers while controlling credit risk. All these efforts have helped the lender increase its loan portfolio over the years and grow its share price by 800% in the last 10 years, which is 10 times the 79% rally of the TSX Composite Index. goeasy stock also offers a 3.8% dividend yield from the interest earned on the loan portfolio. The yield might look small, but if you had held the stock for 10 years, the $0.5 dividend per share would have grown to $5.84. A $3,000 investment in goeasy in June 2015 would have bought you 154 shares, which are now worth $23,639, and have increased your annual dividend from $77 to $899. Now is a good time to buy and hold the stock, as high credit risk has pulled down the share price. It is trading at a forward price-to-earnings ratio of 8.71, below its five-year average of 10.76. Business jet maker Bombardier (TSX:BBD.B) is a growth-oriented stock that can give you double-digit capital appreciation. Although the management is considering paying dividends in the next two to three years as its free cash flow (FCF) stabilizes, meaningful returns will come from capital appreciation. Here's why. Bombardier's main business is selling business jets. The order book for business jets can fluctuate, which would be reflected in its share price. For instance, the company completed the flight test of its next-generation Global 8000 in May, hinting at a better product mix in the future. Moreover, the defence and pre-owned business jet verticals present opportunities to boost orders and grow the share price. As for dividends, the business jet maker could use its recurring revenue from after-market services. A $3,000 investment in Bombardier stock in June 2020 is now $23,000. This stock tends to rally in the second half as aircraft delivery volumes surge and free cash flow comes in. Although the stock has already jumped 32% from its April dip, there is more upside as the company secures orders for Global 8000. You have the growth, now comes the dividend. Many dividend stocks intend to help you generate passive income for your retirement. They offer dividend-reinvestment plans (DRIP) and even grow them annually to adjust for inflation. You can bank on them to pay dividends in every market condition, thereby complementing your pension. Telus (TSX:T) has a 21-year history of growing dividends. It offers DRIP to automate your retirement planning by accumulating dividend-paying shares. You can be assured about the dividends as Telus pays them using subscription money. The dividend-growth rate has slowed from 7-10% to 3-8% as competitive pricing and network sharing reduce its margins. However, it is working on monetizing its 5G network, which will help strengthen its balance sheet and FCF. This could help it grow dividends for years to come. You could consider investing $4,000 now while the stock trades closer to its 10-year low and lock in a 7.4% dividend yield. The post How I'd Allocate $10,000 Across These 3 Brilliant TSX Stocks for Growth and Income appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends TELUS. The Motley Fool has a disclosure policy. 2025 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-06-2025
- Business
- Yahoo
The Stock Market Is Rising — and These Hidden Gems Are Staying Cheap
Written by Sneha Nahata at The Motley Fool Canada The S&P/TSX Composite Index, also regarded as the benchmark for the Canadian stock market, has been rising amid easing concerns about a macroeconomic slowdown and interest rate cuts. While many stocks on the TSX have surged, several hidden gems continue to trade at attractive valuations, presenting a compelling opportunity for investors to consider. Against this backdrop, here are a few hidden gems that remain cheap and have solid growth potential. goeasy (TSX:GSY) is one of the top TSX stocks to buy now for its attractive valuation. Despite its impressive track record of solid growth and strong fundamentals, the market is undervaluing this Canadian financial services company. Currently, its shares trade at a next 12-month price-to-earnings (P/E) multiple of around eight, a level that suggests it could be a hidden gem, especially when you consider its potential for sustained earnings growth in the double digits. goeasy operates in the subprime lending space and has proven its ability to thrive in this niche. Over the past five years, the company's sales have grown at a compound annual growth rate (CAGR) of more than 19%. Moreover, its earnings have increased at a CAGR of nearly 26%, outpacing revenue growth. That upward momentum has been reflected in its stock price, which has surged more than 212% over the last five years. Moreover, its solid profitability has driven a consistent increase in its dividend. goeasy has paid a dividend every year for the past 21 years and has increased it for 11 consecutive years, making it a dependable income stock. goeasy's dominance in Canada's subprime lending market, expansion of its consumer loan portfolio, diversified funding sources, and solid underwriting practices position it well to scale rapidly while maintaining profitability. In summary, goeasy offers a compelling mix of value, growth, and income. Its low valuation, strong earnings trajectory, and consistent shareholder returns make it a top pick for creating wealth. Investors seeking a high-quality stock with an attractive valuation could consider WELL Health Technologies (TSX:WELL). This digital healthcare company has been performing well, led by steady demand for its omnichannel patient care services. Moreover, its strategic acquisitions have accelerated its growth and broadened its footprint. Despite its solid operational performance, WELL Health's stock appears significantly undervalued. Currently, it trades at a near-historical low NTM enterprise value-to-sales ratio of just one. This discounted valuation presents a compelling opportunity for investors. WELL Health's growth story shows no signs of slowing down. Besides organic growth, WELL Health will benefit from its acquisitions. The company recently acquired a stake in HEALWELL AI, which will enhance its scale. Moreover, it remains focused on expanding its footprint in Canada, particularly in its patient care and technology services segments. Operationally, WELL Health continues to streamline operations to improve profitability. Moreover, it is strengthening its financial position by reducing debt. Furthermore, WELL Health's focus on minimizing share dilution is a positive aspect. Given its solid growth, improving fundamentals, and attractively low valuation, WELL Health Technologies offers a combination of growth and value. The post The Stock Market Is Rising — and These Hidden Gems Are Staying Cheap appeared first on The Motley Fool Canada. Before you buy stock in goeasy, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and goeasy wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
