ECN Capital Corp T.ECN

company valuation

[Possibleidiot01]

I think the $3.04 that Skyline is paying for 19.9% should give us a good idea of what the company is worth.
Skyline invested to make money so $3.04 should be a bottom for the company ; hopefully logic works this time  in the market
PI01

"Pursuant to the Subscription Agreement, Skyline Champion has agreed acquire 33,550,000 Common Shares and 27,450,000 Convertible Preferred Shares, in each case at a price per share equal to C$3.04(the “Share Issue Price”)."

[Defiance2050]

Overall it looks based on the market reaction that a fair amount of people were in ECN for a buyout ie or sale of assets. It is a long term positive to have a new business partner and the additional commitment; doesn't guarentee the results and performance. The results of these items would be seen in the October - December results which would be released in winter of 2024 and a wait to see

[Possibleidiot01]

You have a good point about short term investors ; looks to me like their supply of shares overwhelmed new buyers yesterday . I can't see the ongoing review of the marine and RV business going too badly ; originations were $273.9 million of originations from our Recreational Vehicle and Marine Finance segment vs  $178.8 million of originations from our Recreational Vehicle and Marine

[Smallcap123123]

Agreed. I also think that people underestimate how solid the SKY partnership is. They are second behind Clayton and provide tremendous upside value to Ecn. Clearly a way to not sell the company into a bad m&a environment and strategically had a partner to add significant revenue.