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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

Comment by Cheeky20on Mar 24, 2024 8:30am
195 Views
Post# 35949347

RE:ECN.T bought 20k at 1.68 sold at 1.82

RE:ECN.T bought 20k at 1.68 sold at 1.82 after the quarterly results you are dealing with a mgmt credibility problem.  all of the issues analysts raised 2 quarters ago and management said they absolutely had a handle on them and will fix them haven't been addressed. 

Sources of funding and interest rate exposure not dealt with leading to lower margins and balance sheet hits

have a strategic review for the RV marine business to spin it out or sell it?  nope - going to keep it.  

simplify the business by collapsing ECN?  nope - not doing that either.

everyone has different investing objectives.  but the question i asked myself after years of holding and having significant value creation was is ECN the best investment to achieve my investment goals?  There are lots of excellent companies out there so no need to fall in love with any one stock, regardless of how ECN has performed in the past.  My answer was no so i bailed at $2.81.  glad i did.  
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