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Bullboard - Stock Discussion Forum ECN Capital Corp T.ECN

Alternate Symbol(s):  T.ECN.DB.A | T.ECN.DB.B | T.ECN.DB.C

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments: Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers manufactured housing, recreational vehicles, and marine loans; and commercial loans, such as floorplan and rental loans. It also serves banks, credit unions, life... see more

Bullboard (TSX:ECN)

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Comment by Blueswinon Mar 22, 2024 11:24am

RE:RE:New Press Release - BharCap Partners Acquires Red Oak Inventory Finance

February 2024, ECN completed the sale of Red Oak (RV & Marine Inventory Finance platform) • Cash Proceeds of ~$153 million • Disposition expense of $4 million recorded in Q3 2023 • Proceeds ...more  
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  • testomaxX
Comment by testomaxon Mar 22, 2024 9:32am

RE:New Press Release - BharCap Partners Acquires Red Oak Inventory Finance

Funny no mention of $$$....am i missing the number somewhere?
Comment by Cheeky20on Mar 22, 2024 9:16am

RE:RE:RE:Analyst update March 22 Globe and Mail

They are still trying to grow RV originations.  i didn't see anything in the presentation deck or press release saying they sold off the entire RV business.  
Comment by Cheeky20on Mar 22, 2024 9:12am

RE:RE:Analyst update March 22 Globe and Mail

i didn't read through the press release in too much detail because i no longer hold any shares in ECN but my impression was that the finance arm that was sold was providing financing for ...more  
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Comment by Possibleidiot01on Mar 22, 2024 8:32am

RE:Analyst update March 22 Globe and Mail

Thanks though I didn't like the content. What's the difference between the finance arm of the RV division and the entire RV business?
Post by Cheeky20on Mar 22, 2024 8:14am

Analyst update March 22 Globe and Mail

RBC’s Geoffrey Kwan cut his ECN Capital Corp. (ECN-T unchno change ) target to $2.25, below the $2.80 average, from $3, keeping a “sector perform” rating. Other changes include: National Bank’s ...more  
Comment by Cheeky20on Mar 22, 2024 8:12am

RE:RE:results are out & it looks like they threw the kitchen sink

They sold the finance arm of the RV division, not the entire RV business.
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Comment by Possibleidiot01on Mar 22, 2024 7:30am

RE:results are out & it looks like they threw the kitchen sink

Are you sure they held onto that disision ; second news release an hour later.
Post by Blueswinon Mar 21, 2024 6:55pm

results are out & it looks like they threw the kitchen sink

Hopefully this is the end of the bad results & they can start building momentum going forward. Decided to hang on the the RV. & boats division & build it out. This was probably the best ...more  
Post by Cheeky20on Feb 28, 2024 4:20pm

I'm out @ $2.81

Was originally going to hold out for north of $3.05 but when i think about the end game for ECN along with the fact that over the many years i've held this stock it has returned over 16% CAGR it ...more  
Post by Blueswinon Feb 26, 2024 4:12pm

From the Globe & Mail Feb 4 2024

ECN Capital finds new backer for manufactured homes business - The Globe and Mail
Post by Blueswinon Feb 26, 2024 4:08pm

Any idea why the jump today?

up 6.5%
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Comment by snootchybootchyon Feb 05, 2024 8:23am

RE:ECN article Globe and Mail Feb 5 2024

Steven Hudson's contract ends at the end of this year. I believe the reason he extended his contract one more year in 2022 was to to make sure ECN is on the other side of the interest rate hikes ...more  
Post by Cheeky20on Feb 05, 2024 7:56am

ECN article Globe and Mail Feb 5 2024

https://www.theglobeandmail.com/business/article-ecn-capital-finds-new-backer-for-manufactured-homes-business/ Not sure if you can access as it might be behind paywall. Essence of article is this ...more  
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