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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

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 > results are out!
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Comment by TimeScapeon Nov 10, 2021 7:19pm
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Post# 34112685

RE:results are out!

RE:results are out!First look at the financials without the sold division.  Remaining 2 divisions show a doubling of adjusted net income from 3 cents to 6 cents US.  That would be 24 cents US at that rate, or about 30 cents Cdn.  Great to see that kind of growth.  A 20 times multiple gets you a $6.00 share price.  Plus the $7.50 dividend.  Compared to a current share price just under $11.00.
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