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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

Comment by TimeScapeon Aug 21, 2021 4:20am
215 Views
Post# 33744495

RE:RE:RE:RE:Response to Multiple Questions

RE:RE:RE:RE:Response to Multiple QuestionsThe entire market cap of ECN now is actually less than what they sold 40% of the business for.  Makes absolutely zero sense to me.  They will still retain 60% of the company (by sales $), and one of the two remaining divisions is growing faster than the sold division, the other almost as fast as the sold division.  You can buy now for just over $10, get $7.50 in a few months, and still have shares in 60% of the company.  The other 40% was sold for over $2.5 billion Cdn at today's exchange rate.  The market is currently valuing the other 60% at only about $0.65 billion Cdn., or about 1/4 of what 40% of the company was sold for, which seems ridiculous.  I added to my position the day after the deal was announced - think it's time to add some more.
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