Jehoshaphat Research, in a research note to investors, says it is short Canadian subprime loan “time bomb” Goeasy (EHMEF). “After months of studying GSY’s accounting, we have concluded that this Canadian subprime lender is sitting on ~$300m worth of improperly delayed credit losses and unreported serious delinquencies that have been buried in the balance sheet like dead bodies in the snow,” the firm says.
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