ECN Capital Corp T.ECN.DB.B

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

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 > Warren Buffett

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Comment by Possibleidiot01on Aug 07, 2023 10:06am

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Post# 35576059

RE:RE:Warren Buffett

Every now and then I leave things out when posting ; this time i left out manufactured housing . My focus was more on that than RVs . Housing demand is a lot less flexible and more needed than RVs.
As somebody who looked at BRP Recreational when it was listed and didn't buy any ( then or since) ......I've seen a fair number of forecasts predicting much lower recreational sales ..... economists predicting five of the last two recessions so that's why i bought.
GL on timing a lower price ; it is possible the price thoroughly discounts the future recession?

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