ECN Capital Corp T.ECN

Alternate Symbol(s): ECNNF | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B | T.ECN.P.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 > Trading Volume

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Comment by Smallcap123123on Jan 24, 2023 5:07pm

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Post# 35243427

RE:RE:RE:Trading Volume

I know but I have a view on that. Insiders have bought a ton already. This is a hard time in the market and the chance to sell shares are long gone to pay for everyday expenses. It may be hard for them to add shares with no short term horizon of a liquidity event. At least they aren't selling.

in terms of the company not buying to cancel I am not surprised. They are focused on using cash to grow floor plan assets which will drive growth and for m&a. Those will be far more accretive in an Ecn sale on the future than share repurchase.

just my 2 cents

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