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.

TSX:ECN - Post by User

ECN Capital Corp > RBC

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Comment by Blueswinon Mar 08, 2023 1:14pm

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Post# 35326218

RE:RBC

I agree with your assumption that it sounds like someone might make an offer for a buy out. Although it does not say it expliciately it sure sounds like it from their press release - "in response to interest that has been received by the Company, ECN will evaluate the full range of alternatives to determine the best path forward." Any guesses what you would think would be fair value for the company? $5 or $6 or $7. a share? My break even is $4.54

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