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ECN Capital Corp T.ECN

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

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

Comment by Blueswinon Nov 11, 2022 2:40pm
218 Views
Post# 35092199

RE:RE:RE:RE:RE:retiredcf

RE:RE:RE:RE:RE:retiredcf I think in the long run ECN will do really well. I have averaged down to $4.71 which is a long way from today's price. Potencial head wins for ECN are increasing with interest rates continuing to rise. Will it slow down the manifactored home businees? It hasn't so far. I think it was very prudent to move on from Kesler that seemed stuck in nuetral. Now these funds can go to their boat & RV business to replace Kesler's income but ECN seems to not be in a hurry to purchase because of interest rates  continue to rise effecting the multipules. They don't want to over pay. So I think for most it is going to be a prove it story. ECN has shown it has the formula to take business & create value but I think this is going to take some time. And yes there is potential opportunities with manufactured homes & boat & Rv as a result of the destruction of the storms. 
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