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ECN Capital Corp T.ECN

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

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

Post by Blueswinon Feb 04, 2021 4:33pm
170 Views
Post# 32476342

Todays investor Day!

Todays investor Day!I was able to watch the update from there 3 core businesses & then a few hours later (with a littte tech issues) hear the question & answer part of the program. I was really impressed. All 3 businesses seem logical in explaining how they have gotten where they are & where they are going with their growth. And they seem realistic in their projections. Plus there is upside which could allow them to beat thier projections 2020 (.31-.33) & 2021 (.46-.51) & 2022 (.55-.64). There looks like 10%-20% growth annually. The stock price has moved from about $5.50 -$7.00 + in the last 3 months. $7.19 as of today's close. It might even pull back under $7.00 but going forward it really could be a $9.00-$10.00 stock but it probably won't happen over night. I feel really good about being invested in ECN. There is an update on the web page from investor day.
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