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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

Financial Services
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

ECN Capital Corp > Misunderstanding
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Comment by Wisedreameron Aug 12, 2021 9:53am
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Post# 33691049

RE:Misunderstanding

RE:MisunderstandingThey bought this division for $300M in 2017 and sold for $2B in 2021.  He also talked about prefab homes ... the Triad division... a lot of Americans live in those, including Elon Musk while in Texas.  I am also encouraged by Steve Hudson extending his contract by another 5 years.... The team will grow the remaining businesses organically well.  
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