ECN Capital Corp T.ECN.PR.C

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

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 > Assessment

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Post by retiredcfon Nov 06, 2022 6:56am

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Post# 35076738

Assessment

It's worth noting that this was from 27 Oct. Since then, the SP has fallen 14% which makes it really cheap. GLTA

Can you discuss the valuation ratios for ECN and whether you think it is fairly valued or cheap and why?

ECN trades at 10X earnings and about 8X last year's cash flow (though it has sold assets and go-forward cash flow will be different). We would consider this cheap, considering the solid management team and how well it has delivered shareholder value since its spin off. The stock is down this year, but paid a $7.50 special dividend in 2021. (5iResearch)

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This junior mining stock offers billions in market exposure