ECN Capital Corp T.ECN

Analyst update March 22 Globe and Mail

[Cheeky20]

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 Jaeme Gloyn to $2 from $2.75 with a “sector perform” rating and TD Securities’ Mario Mendonca to $2.75 from $3 with a “hold” rating.

[Possibleidiot01]

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?

[Cheeky20]

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 inventories.   

[Cheeky20]

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.  

[snootchybootchy]

From Page 9 of the MD&A,  The Company has completed its review of strategic alternatives for its RV and Marine Finance business units, specifically Source One and IFG, which included a comprehensive assessment of a full range of alternatives to determine the best path forward to continue to drive growth and maximize value for shareholders. Following this process, the Company concluded