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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 Oct 31, 2017 12:48pm
81 Views
Post# 26882428

Re: bollinger bands.

Re: bollinger bands. The gap up this morning was the perfect selling scenario for short term traders, with the 4th trading day above the upper bollinger hand and being overbought on 14 day RSI.  I lightened my position as well and will likely add it back today.   However I think over the next month this does continue higher and by higher I mean 4.50+, so don’t sweat it if you’re long.  The stock is still highly undervalued at the current price.  With the Triad deal adding likely 0.10 EPS annually to earnings you can bet there will be similar deals in the works which will add significant value to this company.  What I see eventually happening once they fully restructure their portfolio is a dividend increase which could happen next year.  Cheers
Bullboard Posts