ECN Capital Corp T.ECN

Misunderstanding

[retiredcf]

Clearly many investors have misunderstood how this is going to work out. As I indicated in the RBC post, their new target would likely be around $6.00 for the remaining two divisions in ECN and after shareholders have received their $7.50 in cash.

Meanwhile, here is the link to Steve Hudson who was on BNN today. He is very optimistic that he will continue to grow the company, and they don't need anymore cash to expand so the dividend will likely rise to a POR higher than its current 25%. 

Like others here, I  was adding more into two accounts as we neared the close. GLTA

US$2B capital from service finance sale is better held by our shareholders then us: ECN Capital CEO

Steve Hudson, CEO of ECN Capital, joins BNN Bloomberg to discuss the sale of the firm’s home renovation lending service. He also notes the company has grown 60 per cent through the pandemic and that future growth will likely be organic.

https://www.bnnbloomberg.ca/video/us-2b-capital-from-service-finance-sale-is-better-held-by-our-shareholders-then-us-ecn-capital-ceo~2258009

[TimeScape]

I saw that interview and thought it was very encouraging.  He said that, yes the company will be smaller after this sale, but it won't be smaller for very long, due to the excellent growth from the remaining 2 divisions.  He expects they will be back over $120 million in sales within 18 months.  If the stock can get close to the previous $10 - $11 area within 18 months, plus the

[Wisedreamer]

They bought this division for $300M in 2017 and sold for $2B in 2021.  He also talked about prefab homes ... the Triad division... a lot of Americans live in those, including Elon Musk while in Texas.  I am also encouraged by Steve Hudson extending his contract by another 5 years.... The team will grow the remaining businesses organically well.