ECN Capital Corp T.ECN.DB.B

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

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.

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ECN Capital Corp

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Post by Blueswinon Nov 02, 2022 4:20pm

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Post# 35067742

Further insight from Tom MacKinnon

In his Q3 2022 earnings preview for ECN Capital, BMO Research's Tom MacKinnon is looking for Q3/22E operating EPS (f.d.) of US$0.06 vs. US$0.08 consensus, and guidance, ex. divested Kessler Group, estimated to be US$0.04-US$0.05.

"We lower H2/22 and 2023E operating EPS by 18% and 11%, respectively, reflecting impact of Hurricane Ian on TFS originations, seasonality, and the potential impact of higher mortgage rates on TFS originations."

Maintain Outperform, lowering TP to $6 from $7.50.

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A junior copper-gold stock trading at a bargain of monumental proportions