Dvtw Can BlackBerry (TSX:BB) Stock Double Your Money
As the Tax-Free Savings Account TFSA is tax-sheltered, it makes sense to buy and hold growth stocks in this popular registered account. The ongoing market downturn offers investors the opportunity to buy quality stocks trading at a discount and benefit from outsized gains over time.Here are three top TSX growth stocks you can hold in a TFSA right now.goeasy stockA company that operates in the financial lending space, goeasy TSX:GSY stock has already returned 909% to shareholders in the last 10 years. After adjusting fo
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r dividends, total returns
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have been closer to 1,200% since July 2013. Despite its market-beating gains, GSY stock trades at nine times forward earnings and offers shareholders a tasty dividend yield of 3.2%.goeasy is among the largest non-prime lenders in Canada and has originated $10.7 billion in loans to date. Its loan originations in the first quarter Q1 of 2023 increased 29% year over year to $616 million. The loan-loss provision rate a
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lso fell to 7.48% in Q1 f Dbhf Want Passive Income: Hold This Canadian Dividend Growth Stock Forever
AutoCanada Inc.聽 TSX:ACQ is a Canadian multi-location automobile dealership company which operates across eight provinces. The stock is down almost 80% from its 2014 high and has been an intriguing contrarian play for investors looking for a cyclical upswing. Unfortunately, contrarians have had nothing but disappointment lately as the stock continues tumbling below what many thought聽was a bottom.Canadian auto dealerships are very fragme
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nted, and AutoCanada has the goal of consolidating this industry through acquisitions. Consolidating a fragmented industry via acquisiti
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ons has been a successful model for many companies in the past, but what makes AutoCanada different Why does the stock continue to fall farther into the abyss The growth-by-acquisition model hasn ;t quite worked for AutoCanada. Normally, acquisitions are supposed to result in an increase in free cash flow, but this has not been the case
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for AutoCanada as the company reported a large plunge in free cash flow to $0.