goeasy faces elevated risk after LendCare portfolio issues, high charge-offs, and executive turnover; I rate it a short-term hold. The 6-point Turnaround Strategy targets operational integration, cost savings, and a focus on easyfinancial's direct lending to restore profitability. Dividend and buybacks are suspended; prudent capital allocation and aggressive debt reduction are now priorities given high leverage and previous covenant breaches.
goeasy: Vital Quarters Ahead Of Us, A Detailed Analysis
Source: Seeking Alpha