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ECN Capital Corp T.ECN.PR.C


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

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

Post by toppgunnon Jul 23, 2021 1:54pm
188 Views
Post# 33596766

Shares Outstanding 377 million (2017) to 244 million (2021)

Shares Outstanding 377 million (2017) to 244 million (2021)It was a very good strategy on Management and directors share buy backs.  2017 at 377 million and currently at 244 million.  This was very good insight to be buying shares on the cheap in the 2 to 4 dollar range.  These buy backs are part of the reason this stock is trading at over 10 dollars today.  It can be a difficult decision as cash on the balance sheet would of been reduced at that time but their strategies worked very well on this plan.  A big thumbs!
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