20:22:37 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



easyhome Ltd
Symbol EH
Shares Issued 13,329,799
Close 2014-12-22 C$ 19.21
Market Cap C$ 256,065,439
Recent Sedar Documents

Inv Reporter refreshes easyhome buy

2014-12-22 19:04 ET - In the News

The Investment Reporter, in its Dec. 12, 2014, issue, refreshes its buy of easyhome Ltd., recently $23. The Reporter said buy the lending and leasing company on June 7, 2013, at $9.70, and again on Aug. 1, 2014, at $21.38. Assuming an investment of $1,000 for each of the two buys, the $2,000 position would now be worth $3,427. In the nine months ended Sept. 30, 2014, easyhome earned $12.6-million, or 91 cents a share. This was up from earnings of $9.8-million, or 81 cents a share, a year earlier. Revenues in the first nine months rose by 17.4 per cent, and costs went up by just 14.3 per cent. easyhome's cash flow also increased in the first nine months of 2014, confirming the higher earnings. The company's cash flow of $68-million exceeded investments of $38.9-million and dividend payments of $3.4-million. easyhome used the excess cash flow to reduce its net debt by $38.3-million. At Sept. 30, 2014, the company had 235 leasing stores and 148 financial outlets. It plans to open three franchised stores and 40 to 45 new easyfinancial outlets in 2015. easyhome is expected to earn $2 a share next year. The stock remains a buy for long-term share price gains and stable dividends.

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