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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 Defiance2050on Aug 15, 2023 10:39pm
143 Views
Post# 35590283

RE:company valuation

RE:company valuationOverall it looks based on the market reaction that a fair amount of people were in ECN for a buyout ie or sale of assets.

It is a long term positive to have a new business partner and the additional commitment; doesn't guarentee the results and performance. The results of these items would be seen in the October - December results which would be released in winter of 2024 and a wait to see what the continuing strategic review in the marine and RV business brings. 
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