Nov
15
Canada’s Goeasy Beats Banks Tapping Borrowers They Turn Away
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CEO Ingram says firm undervalued relative to performance
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Firm weighing cards, auto loans or secured credit to expand
Goeasy Ltd. shares have surged 21 percent this year, beating almost every bank and alternative lender in Canada. That’s not good enough for the head of the company that offers loans with rates as high as 47 percent and rents out sofas and TVs.
“I am disappointed, I truly am,” Chief Executive Officer David Ingram, 50, said in an interview in Bloomberg’s Toronto office last week. “I would argue that we’re actually undervalued against what we’ve demonstrated for 16 years and the commitment that we’ve given to targets that we’ve executed and performed to.”…
Canada’s Goeasy Beats Banks Tapping Borrowers They Turn Away
