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Element Fleet Management Corp T.EFN

Alternate Symbol(s):  ELEEF | T.EFN.PR.C | T.EFN.PR.E

Element Fleet Management Corp. is a Canada-based global automotive fleet manager. The Company provides business-to-business services and financing to corporations, governments and not-for-profits. It operates in various countries, including the United States, Canada, Mexico, Australia and New Zealand. It provides services and financing for commercial vehicle and equipment fleets, reaching around 56 countries worldwide through the Element-Arval Global Alliance. The Company provides solutions to various industries, such as construction; energy, oil and gas; food and beverage; healthcare; services; transportation, and utilities. Its services include acquisition, electric vehicle, financing, title and registration, collision management, fleet partnerships solutions, fuel, safety, taxable benefits, fleet telematics connectivity solutions, remarketing, sale leaseback, tolls and violations, and strategic fleet consulting. The Company has around 1.5 million client vehicles under management.


TSX:EFN - Post by User

Comment by injailforgoodon Sep 09, 2015 9:15pm
134 Views
Post# 24091187

RE:Rising slowly but surely

RE:Rising slowly but surelyI doubt it's due to short selling. Aguably, the stock has outperformed most stocks since the market volatility struck. Most of the short position on Element is arbitrage against the convertible debentures and, until just recently, the subscription receipts. The sub receipts have subsequently been converted on closing of the GE fleet deal, so a drop in shorts should be seen in upcoming short reports. So, the shorts on Element are by and large "structural" versus "strategic". more importantly, the company has been attracting more large funds out of the U.S. as its market cap has grown to one ($7B) that allows them to participate. More of that is coming.
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