ECN Capital Corp T.ECN

Trading Volume

[retiredcf]

Interesting that Friday's trading volume was the third highest in 3 months and most of that showed up right near the close. Now today we are suddenly up over 5%. Looks like institutions are at work here. GLTA

[Lawyerup]

Yup and the volume today is almost 1M shares which indicates something is going on.  Might be an interesting couple of weeks.  All the best Charlie.

[testomax]

Still have to wonder where the insider buys are.....historically they have always been active...and where are the buybacks also historically active...just crickets.

[Smallcap123123]

I know but I have a view on that. Insiders have bought a ton already. This is a hard time in the market and the chance to sell shares are long gone to pay for everyday expenses. It may  be hard for them to add shares with no short term horizon of a liquidity event. At least they aren't selling.  in terms of the company not buying to cancel I am not surprised. They are focused on

[Blueswin]

I would agree that the two options are to buy back shares on the cheap but then they might need to borrow more money at a higher intrest rate to invest in buying R.V. & boat finance companies. OR They sit tight resisting buying back cheap stocks to use their money buying companies without increasing debt & the share price will drift higher as the new compnies bring in more income.

[Smallcap123123]

Yes that's the issue - it's not just m&a that they want to do. They want to increase their floor plan assets because allowing their dealers to stock more MH allows them to sell more and increase ecn's originations. I don't think that they could do all 3 (m&a, increase floor plan, buy back stock).  It may be tempting to buy stock or want them to buy stock, but the