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ECN Capital Corp T.ECN.DB.A


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

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 Possibleidiot01on Mar 22, 2024 7:41pm
168 Views
Post# 35948333

RE:Td Our C$2.75 target price (down from C$3.00)

RE:Td Our C$2.75 target price (down from C$3.00) Huh?
Does this compute?

Impact: NEGATIVE Originations for the quarter were $503.1mm, down less than 1% y/y. MH originations of $373.8mm (up 15.7% y/y) were below above our estimate of $307mm;


BharCap Partners Acquires Red Oak Inventory Finance and

The decision to retain RV&M will require that ECN build or buy an RV&M servicing platform in 2024.

Dead money IMO until end of year?

 



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