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 > Warren Buffett

<< Previous

Bullboard Posts

Next >>

Comment by toppgunnon Aug 02, 2023 2:16pm

199 Views

Post# 35569510

RE:Warren Buffett

"Americans love boats and RVs and IMO these areas are recesion resistant."

Disagree, first items to go in a recession and/or a definite slow down in buying There will be always a market for ATV, RV, boats for everyone but affects the strength of the overall market.

That said, ECN has been on my watchlist since sold in Dec 2022. Still believe 52 week lows are going to be taken out before start to confidently trade up. A good buy once it finally settles out.

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant