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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

Comment by toppgunnon Feb 22, 2021 5:28pm
128 Views
Post# 32629696

RE:RE:RE:And the climb upward continues!

RE:RE:RE:And the climb upward continues!Yes, a good question on bumping up the dividend as it stands at around 1.3% of price.  Definitely worth a discussion and could almost be doubled.  With that said, the uptrend in share price over the last year has been very productive.  ECN has basically doubled since the lows of March/April of 2020.  There was talk and ability of buying more shares from a news release from last year but unaware if came to fruition.  That goes to show that ECN is bullish on the company and feel it is undervalued.  Definitely worth holding long term as more upside in my opinion.  Looking forward to the financials this week or when released on Feb 25. This uptick in share price the last month could be related positive developments in the company.  
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