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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

Post by Blueswinon Mar 22, 2023 9:23pm
343 Views
Post# 35355084

4thQ results kind of disappointing

4thQ results kind of disappointingWow things really slowed down in the industry for Nov. & Dec. Happy to hear Triad is up 8% in Jan. & 15% in Feb. Not much info. on M & A for the RV & Boat. No conference call for explanations or questions. "Everything" & I mean "Everything" is focussed on the "review of strategic alternatives." At this point I am hoping for a jucie buy out. A .01 div. for holders on April 10th. I could see the price floating back down until there is more information released. 
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