ECN Capital Corp ECNNF

Primary Symbol: T.ECN Alternate Symbol(s): ECNCF | 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 > Bought more today

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Comment by Blueswinon Sep 19, 2023 12:10pm

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Post# 35643546

RE:RE:Bought more today

I think your overall thoughts are pretty spot on. I have not bought any more recently because of the lack of catalyst you speak of & the overall market is more likely to head down than up from here. It would seem like this is a 2024 story so the stock price might head a little lower for a while but at sometime it will turn. This is a very good business & it looks like they have figured out (finally) how to deal with the moving interest rates.

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