ECN Capital Corp T.ECN

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

TSX:ECN - Post by User

ECN Capital Corp > Td Our C$2.75 target price (down from C$3.00)

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Comment by snootchybootchyon Mar 23, 2024 4:37am

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Post# 35948537

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

> Dead money IMO until end of year?

I don't think so. They should start having very favorable YoY comparables beginning with the Q2 financials. And if we start seeing material ramp up in the Syline/ECN partnership by then, we should see this stock being re-rated. But share price could be weak for another five months here.

It would be nice if Mr. Hudson start making those big insider buys in the open market again. Could be a sign ECN is indeed recovering in 2024 and help the share price.