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 > RBC

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Comment by Blueswinon Mar 08, 2023 1:14pm

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Post# 35326218

RE:RBC

I agree with your assumption that it sounds like someone might make an offer for a buy out. Although it does not say it expliciately it sure sounds like it from their press release - "in response to interest that has been received by the Company, ECN will evaluate the full range of alternatives to determine the best path forward." Any guesses what you would think would be fair value for the company? $5 or $6 or $7. a share? My break even is $4.54

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