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ECN Capital Corp T.ECN

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

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

Post by snootchybootchyon Nov 16, 2023 2:56am
217 Views
Post# 35738413

Hudson Buying More Shares on the Open Market

Hudson Buying More Shares on the Open MarketSteven Hudson reported buying 250,000 more shares yesterday. For those counting, that's 950,000 shares he has purchased on the open market for a total of $2.24M in a timespan of just three months. He clearly believes he will be selling his stake at much higher prices.  Remember that he just signed a one-year extension to remain CEO until December 31, 2024.  Agreeing to a one-year extension tells me he is looking to sell out fairly soon. Maybe he will need to sign another one-year extension but extending one year at a time is an indication he is looking to wrap things up fairly soon.
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