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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 25, 2024 8:00am
115 Views
Post# 35950211

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

RE:RE:RE:ECN.T bought 20k at 1.68 sold at 1.82 Keep in mind Hudson and all of the executive team have shares given to them as part of their compensation plans.  i haven't looked at the most recent management circular but there may be shares issued to them with strike prices much higher than the current stock price.  so those share are not really worth too much right now.  I think that is part of the reason Hudson has been buying on the open market.  And Hudson has been buying since the $5 range.  But in terms of materiality the shares being bought in the open market are pocket change compared to the number of shares these guys are sitting on in their comp plans.


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