ECN Capital Corp T.ECN.DB.A

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

Financial Services

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

ECN Capital Corp > Hudson back on the buy!

<< Previous

Bullboard Posts

Next >>

Comment by pierrelebelon Mar 27, 2024 11:10am

108 Views

Post# 35955468

RE:RE:Hudson back on the buy!

If Hudson is willing to buy the common shares at current level, it means I should add to my holdings of preferred shares (ECN.PR.C) currently yielding over 13%.

As ECN recovers and interest rates fall, the yield will drop to 8%/9% resulting in the preferred jumping to $18/$20 later this year.

Great (tax advantaged) yield with substantial capital gain, how can one resist?

<< Previous

Bullboard Posts

Next >>

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle