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.

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ECN Capital Corp > ECN is slowly finding a bottom

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Comment by TimeScapeon Aug 24, 2021 10:30pm

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Post# 33759392

RE:RE:ECN is slowly finding a bottom

If it trades at roughly the sales multiple the company was trading at prior to the sale, it would be around $6.00 - $6.50 a share. At the multiple the one division was sold for, it would be double that, but of course the sale must have been to a highly motivated buyer, and that is not reasonable for the public share price. Given the very bullish comments by the CEO regarding the growth of the 2 remaining divisions, and their demonstrated ability to grow the business, I wouldn't be surprised to see something like $8 - $10 a share within 18 - 24 months of the dividend.

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Two micro-cap stocks with strong fundamentals