ECN Capital Corp T.ECN

Slow train

[Blueswin]

This sure is a slow train coming. No positive news coming in Q4 either as there will be more write downs. Seems like there might be something positive to talk about a year from now. A bit interesting that they might spin out RV. & boats if they don't sell it. In the spin out we would then have shares in 2 different companies instead of one. Will there still pay a div. then? Can only imagine the share price will sink from here as they have become a show me company now. I was hoping for more today but I guess it is what it is.

[scarface9]

From the Q&A of the CC Nik Priebe Okay, that's good. I'll just ask one more. Just wondering if you could help us understand what a spinoff of the RV and Marine financing business might look like. Would this be a distribution of a new public vehicle to existing ECN shareholders, and, you know, do you think the scale of that entity could accommodate, you know, the cost of being a

[scarface9]

Seems to be blocked from copy and paste. I'll try again below. Hope it works this time. Nik Priebe   Okay, that's good. I'll just ask one more. Just wondering if you could help us understand what a spinoff of the RV and Marine financing business might look like. Would this be a distribution of a new public vehicle to existing ECN shareholders, and, you know, do you think

[scarface9]

I took a nibble at some of the preferreds for $13. Time will tell if it was a good decision, but for a 15.25% yield I figured it was worth a shot.

[Cheeky20]

Mgmt dropped the ball big time.  After swearing up and down last quarter that they had contained the interest rate exposure they took another hit this quarter and said it will probably continue to be marked down for this quarter and maybe next as they sell off that part of the loan book.  Mgmt credibility took a huge hit for sure. And who wants shares of a piddly RV and marine business?