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 > company valuation

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Comment by Defiance2050on Aug 15, 2023 10:39pm

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Post# 35590283

RE:company valuation

Overall it looks based on the market reaction that a fair amount of people were in ECN for a buyout ie or sale of assets.

It is a long term positive to have a new business partner and the additional commitment; doesn't guarentee the results and performance. The results of these items would be seen in the October - December results which would be released in winter of 2024 and a wait to see what the continuing strategic review in the marine and RV business brings.

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