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ECN Capital Corp T.ECN.DB.A


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

ECN Capital Corp. is a Canada-based provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). The Company 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 and Marine Finance. It operates through three businesses: Triad Financial Services, which manufactures home loans; Source One Financial, which is engaged in nationwide marine and RV lending; and Intercoastal Finance Group, which is engaged in national marine and RV lending. It provides prime credit portfolio solutions: Secured consumer loan portfolios, which manufactures home loans, and Secured consumer loan portfolios, which provides marine and RV loans.


TSX:ECN - Post by User

Comment by Blueswinon Aug 19, 2023 2:39pm
192 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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