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goeasy Stock: An Undervalued Growth Engine
Summary
- goeasy's current P/E is 8.7 which is a 48% discount to its 5-year historical average P/E of 16.46, offering compelling value.
- The business appears stable and rewards shareholders through a strong, growing dividend and share buybacks.
- The dividend was raised 38% on February 16, 2022, and had recorded a CAGR of 34.5% since 2014.
- goeasy's 10-year stock performance is over 1,200% and they grew adjusted EPS at 37% year over year in 2021.
I started my investing adventures in 2000 after selling an internet startup. Those were wild times in the stock market. I did not want to hand my proceeds over to some random money manager or bank employee so I started reading books about investing. I first read Security Analysis a few times and started out as a value investor. While this provided good returns it took a lot of work and required new ideas each year. I went through a similar mindset change as Warren Buffett did about pure value vs. growth at a reasonable price. I aim to pay a fair price for great companies that have a clear history of growth and a high likelihood of future growth. I have learned some expensive and valuable lessons over the last 21 years through 2 major crashes. The next 20 years of investing should be just as exciting.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of EHMEF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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