goeasy's Narrow Escape from Financial Disaster goeasy Ltd. , a Canadian non prime lender, has narrowly avoided a potentially catastrophic collapse of its loan portfolio.
The company's second quarter earnings call highlights a remarkable turnaround from the brink of disaster, but it also raises questions about the long term sustainability of this strategy.
A Narrow Escape The company's adjusted diluted earnings per share of C$1. 02 marks a significant improvement over the previous quarter's loss of C$1. 90. This rebound is largely attributed to a C$41.