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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 Cheeky20on Mar 24, 2024 8:30am
110 Views
Post# 35949347

RE:ECN.T bought 20k at 1.68 sold at 1.82

RE:ECN.T bought 20k at 1.68 sold at 1.82 after the quarterly results you are dealing with a mgmt credibility problem.  all of the issues analysts raised 2 quarters ago and management said they absolutely had a handle on them and will fix them haven't been addressed. 

Sources of funding and interest rate exposure not dealt with leading to lower margins and balance sheet hits

have a strategic review for the RV marine business to spin it out or sell it?  nope - going to keep it.  

simplify the business by collapsing ECN?  nope - not doing that either.

everyone has different investing objectives.  but the question i asked myself after years of holding and having significant value creation was is ECN the best investment to achieve my investment goals?  There are lots of excellent companies out there so no need to fall in love with any one stock, regardless of how ECN has performed in the past.  My answer was no so i bailed at $2.81.  glad i did.  
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