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ECN Capital Corp T.ECN.DB.A


Primary Symbol: T.ECN Alternate Symbol(s):  T.ECN.DB | T.ECN.DB.B | T.ECN.PR.C | ECNCF | ECNNF

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles (RV) and Marine Finance. Its business segment includes Triad Financial Services, Source One Financial, and Intercoastal Finance Group. The Triad Financial Services is a portfolio solutions platform focused on originating and managing longer duration secured consumer loan portfolios for active partner. The Source One Financial originates prime and super-prime loans to consumers to facilitate the purchase of recreational and marine vehicles.


TSX:ECN - Post by User

Comment by Blueswinon Aug 19, 2023 2:39pm
216 Views
Post# 35596395

RE:This is the start of the Hudson exit plan - stay long

RE:This is the start of the Hudson exit plan - stay longI think this write up was very insightful on many levels. I agree that it would appear the compnany will be sold in the next two years. The boat & RV. component probably as early as the next 6 months. As mentioned Hudson bought 100 thousand shares at $5.80 another 100 thousand shares at $5.20 & more recently 200 thousand shares at $2.58 and through share options has a ton of shares. He also mention his salary is now capped at $500 thousand a year so it is through the shares price increase he will make his money. And he also has previously spoken about a window of time in the past about retirement being in around a 5 year window at the start of ECN. Brought a new guy with experience to run Triad & the deal with Skyline to increase income to create value. I am in at $4.50 per share so I am hoping for $4.50 - $5.00 when it is all said & done. With Skyline buying 20% @ $3.05 it does give a floor but also indicates the offeres to buy Tried must have been underwhelming.   
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