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ECN Capital Corp T.ECN

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

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 Possibleidiot01on Mar 22, 2024 7:41pm
105 Views
Post# 35948333

RE:Td Our C$2.75 target price (down from C$3.00)

RE:Td Our C$2.75 target price (down from C$3.00) Huh?
Does this compute?

Impact: NEGATIVE Originations for the quarter were $503.1mm, down less than 1% y/y. MH originations of $373.8mm (up 15.7% y/y) were below above our estimate of $307mm;


BharCap Partners Acquires Red Oak Inventory Finance and

The decision to retain RV&M will require that ECN build or buy an RV&M servicing platform in 2024.

Dead money IMO until end of year?

 



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