The Globe and Mail reports in its Wednesday, Sept. 24, edition that National Bank's Jaeme Gloyn has reaffirmed his "outperform" recommendation and $265 share target for goeasy. The Globe's David Leeder writes that analysts on average target the shares at $239.22. Mr. Gloyn thinks the allegations and evidence brought by Jehoshaphat Research in a short report released Monday claiming goeasy is manipulating its reporting to delay and avoid reporting rising delinquencies and charge-offs are "without merit." Following a 9.9-per-cent drop in the company's share price and a strong denial of allegations during a postclose analyst call, Mr. Gloyn now views this as "a buying opportunity." Mr. Gloyn says in a note: "The report includes former employer interviews and former competitor executive interviews to explain how frequently and easily goeasy uses tactics to delay reporting charge-offs and delinquencies. JR argues goeasy will have to start reporting higher charge-offs as these loans will inevitably need to default and be charged-off and expects this catch-up in losses to 'devastate earnings.'" Mr. Gloyn concluded the evidence presented by Jehoshaphat is explained by recent growth of goeasy's secured lending platform.