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ECN Capital Corp T.ECN

Alternate Symbol(s):  ECNCF | ECNNF | T.ECN.PR.C | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It 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 (RV) and Marine Finance. Its business segment includes Triad Financial Services, Source One Financial, and Intercoastal Finance Group. The Triad Financial Services is a portfolio solutions platform focused on originating and managing longer duration secured consumer loan portfolios for active partner. The Source One Financial originates prime and super-prime loans to consumers to facilitate the purchase of recreational and marine vehicles.


TSX:ECN - Post by User

Bullboard Posts
Post by ERTguyon Aug 24, 2017 7:40pm
126 Views
Post# 26619470

Lunacy.

Lunacy.It seems crazy to me that this stock is going oversold with RSI at 33 on otherwise positive fundamentals.  I'm taking full advantage of this fall as this approaches medium term support levels and buying every day in the red.  Management signalled there are a deals in the pipeline so I can't see how one can go wrong buying at this level.  The last time this stock went oversold was November 2016 and that was before there was any certainty on if ECN had the ability to sell their assets.  Now we're in a cash rich position with insider buying and nowhere to go but up from here.  Cheers
Bullboard Posts