Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSX:ECN - Post Discussion

ECN Capital Corp > This is the start of the Hudson exit plan - stay long
View:
Post by Cheeky20 on Aug 18, 2023 11:18am

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

This is effectively the start of the end for ECN/Triad.  For those that listened to the earnings call or read the transcript ECN doesn't really exist anymore.  It's all been rolled into Triad, just the name and few headcount, like Hudson, remain.  And he is hanging around to cash out when the shares go higher.
The new investors pretty much bought 20% of the company for $3.05.  That should be the floor going forward, assuming ecnomic conditions and the manufactured home market remains strong and these guys can take some market share.  Skyline gives the company new opportunities to grow originations, as does the additional Blackstone $.
Just have to be patient.  I've been in ECN since day 1 and Hudson has created significant value, just bumpy along the way.  Hudson sold Kesslar for a nice gain.  Should do the same for Triad.  
Hudson was buying in the $2.5x range after earnings release.  Previous buys were in the $4-$5 range.
For me my ACB is still around $2.70.  If this thing can get back to $4 I'll pull the trigger.
Comment by Blueswin on Aug 19, 2023 2:39pm
I 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 ...more  
Comment by Smallcap123123 on Aug 20, 2023 1:31pm
Hudson just bought 200,000 shares on Wednesday. Other management bought as well.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities