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 > Trading Volume

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Comment by Smallcap123123on Jan 24, 2023 5:07pm

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Post# 35243427

RE:RE:RE:Trading Volume

I know but I have a view on that. Insiders have bought a ton already. This is a hard time in the market and the chance to sell shares are long gone to pay for everyday expenses. It may be hard for them to add shares with no short term horizon of a liquidity event. At least they aren't selling.

in terms of the company not buying to cancel I am not surprised. They are focused on using cash to grow floor plan assets which will drive growth and for m&a. Those will be far more accretive in an Ecn sale on the future than share repurchase.

just my 2 cents

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