ECN Capital

ECN-T

Analysis and Opinions about ECN-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
September 19, 2019
A leasing company run by Steve Hudson. They did a $265 share buyback late last year, then in February doubled their dividend. Low interest rates will help them. It took a while, but the stock is moving up these days. (Analysts’ price target is $5.39)
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ECN Capital (ECN-T)
September 19, 2019
A leasing company run by Steve Hudson. They did a $265 share buyback late last year, then in February doubled their dividend. Low interest rates will help them. It took a while, but the stock is moving up these days. (Analysts’ price target is $5.39)
PAST TOP PICK
PAST TOP PICK
February 20, 2019
(A Top Pick Dec 15/17, Up 4%) They are buying back their shares -- $265 million. The company still trades below book value and now the stock is starting to move higher. Growth projections are still on track.
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ECN Capital (ECN-T)
February 20, 2019
(A Top Pick Dec 15/17, Up 4%) They are buying back their shares -- $265 million. The company still trades below book value and now the stock is starting to move higher. Growth projections are still on track.
HOLD
HOLD
August 3, 2018

The company is in transition to get away from taking on direct interest rate risk. He really likes the valuation and it trades below book value. They need to do another acquisition, report faster revenue growth or increase the dividend to really get things going – and he thinks one of those will happen this year.

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ECN Capital (ECN-T)
August 3, 2018

The company is in transition to get away from taking on direct interest rate risk. He really likes the valuation and it trades below book value. They need to do another acquisition, report faster revenue growth or increase the dividend to really get things going – and he thinks one of those will happen this year.

DON'T BUY
DON'T BUY
January 18, 2018

He held it in the past. It trades at around 0.9 times book ($4.40). They are selling down divisions at or above book. They have a lot of acquisitions but deals are not as cheap as they were. He prefers EFN-T.

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ECN Capital (ECN-T)
January 18, 2018

He held it in the past. It trades at around 0.9 times book ($4.40). They are selling down divisions at or above book. They have a lot of acquisitions but deals are not as cheap as they were. He prefers EFN-T.

TOP PICK
TOP PICK
December 15, 2017

Steve Hudson is an entrepreneur who has grown and sold companies before. This is trading below its NAV, and is buying back stock. They had an investor presentation this week basically saying look for the 1st quarter to be pretty exciting in terms of acquisitions. They’ve made some acquisitions and dispositions. Has a great balance sheet. Thinks they will be very, very active. A leasing/finance company with low interest rates in a strong economy, trading below its asset value. A pretty safe bet for the next year. Dividend yield of 1%. (Analysts' price target is $5.00.)

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ECN Capital (ECN-T)
December 15, 2017

Steve Hudson is an entrepreneur who has grown and sold companies before. This is trading below its NAV, and is buying back stock. They had an investor presentation this week basically saying look for the 1st quarter to be pretty exciting in terms of acquisitions. They’ve made some acquisitions and dispositions. Has a great balance sheet. Thinks they will be very, very active. A leasing/finance company with low interest rates in a strong economy, trading below its asset value. A pretty safe bet for the next year. Dividend yield of 1%. (Analysts' price target is $5.00.)

WEAK BUY
WEAK BUY
September 25, 2017

It was a spinoff of Element Financial. He buys when it dips below $4. They are getting into lending for home renovations. They are quite undervalued. It remains to be seen how fast they can grow the company from here. There is some good long term value creation in the name.

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ECN Capital (ECN-T)
September 25, 2017

It was a spinoff of Element Financial. He buys when it dips below $4. They are getting into lending for home renovations. They are quite undervalued. It remains to be seen how fast they can grow the company from here. There is some good long term value creation in the name.

PAST TOP PICK
PAST TOP PICK
August 1, 2017

(A Top Pick Sept 6/16.) Split into 2 companies. ECN Capital (ECN-T) was up 21%, while Element Fleet Management (EFN-T) was down 11%. He likes both.

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ECN Capital (ECN-T)
August 1, 2017

(A Top Pick Sept 6/16.) Split into 2 companies. ECN Capital (ECN-T) was up 21%, while Element Fleet Management (EFN-T) was down 11%. He likes both.

SELL
SELL
January 19, 2017

Had owned this before the split and did okay on it. CEO couldn’t consolidate the fleet business more aggressively and there wasn’t a lot of growth, so he split the companies and then proposed the structure. Thinks it was completely full of conflicts of interest. The investment community is supporting this because the CEO is a wonderful guy in promoting things. Sold his holdings, because he won’t invest in companies where he doesn’t have confidence in the management team. This has been a massive destruction of shareholder value.

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ECN Capital (ECN-T)
January 19, 2017

Had owned this before the split and did okay on it. CEO couldn’t consolidate the fleet business more aggressively and there wasn’t a lot of growth, so he split the companies and then proposed the structure. Thinks it was completely full of conflicts of interest. The investment community is supporting this because the CEO is a wonderful guy in promoting things. Sold his holdings, because he won’t invest in companies where he doesn’t have confidence in the management team. This has been a massive destruction of shareholder value.

COMMENT
COMMENT
January 12, 2017

A recent spinoff from Element Financial. The stock has had a hard time getting anything going. However, the valuation of the business looks compelling and is something he is watching. It should improve if you believe in his thesis that the economy is improving in the US. This is a name that should do well in that environment. He is a bit cautious on this, but is following it.

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ECN Capital (ECN-T)
January 12, 2017

A recent spinoff from Element Financial. The stock has had a hard time getting anything going. However, the valuation of the business looks compelling and is something he is watching. It should improve if you believe in his thesis that the economy is improving in the US. This is a name that should do well in that environment. He is a bit cautious on this, but is following it.

HOLD
HOLD
December 29, 2016

He likes this. It was a spin out from Element Financial, which split into 2 companies. About 80% of the value went to Fleet and 20% to this company. Almost all the analysts were of the view that this should be priced on a Price to Book, so if you say it is worth at least BV, which is approximately $4, it should trade up. They recently sold some rail assets, which went for about 1.2X Book. With that, you could get up to about $6 for this. Also, there are a couple of catalysts coming up in January to move some of their rail assets into a third-party vehicle, which will put a revaluation on those assets.

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ECN Capital (ECN-T)
December 29, 2016

He likes this. It was a spin out from Element Financial, which split into 2 companies. About 80% of the value went to Fleet and 20% to this company. Almost all the analysts were of the view that this should be priced on a Price to Book, so if you say it is worth at least BV, which is approximately $4, it should trade up. They recently sold some rail assets, which went for about 1.2X Book. With that, you could get up to about $6 for this. Also, there are a couple of catalysts coming up in January to move some of their rail assets into a third-party vehicle, which will put a revaluation on those assets.

BUY
BUY
October 4, 2016

Recently bought the stock. This is the 1st day that Element Financial shares are formally split into 2 companies, ECN Capital (ECN-T) and Element Fleet Management (EFN-T). Thinks both are undervalued. He tends to do this in terms of the Price to Book ratio. The BV is more or less about $4, so if you assign a Price to Book ratio of 1 to 1.25, you get a price of $4-$5 for a share price. Both companies are looking to do some acquisitions which could transform things in the next couple of quarters, but both assets are attractive right now.

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ECN Capital (ECN-T)
October 4, 2016

Recently bought the stock. This is the 1st day that Element Financial shares are formally split into 2 companies, ECN Capital (ECN-T) and Element Fleet Management (EFN-T). Thinks both are undervalued. He tends to do this in terms of the Price to Book ratio. The BV is more or less about $4, so if you assign a Price to Book ratio of 1 to 1.25, you get a price of $4-$5 for a share price. Both companies are looking to do some acquisitions which could transform things in the next couple of quarters, but both assets are attractive right now.

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ECN Capital(ECN-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for ECN Capital is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

ECN Capital(ECN-T) Frequently Asked Questions

What is ECN Capital stock symbol?

ECN Capital is a Canadian stock, trading under the symbol ECN-T on the Toronto Stock Exchange (ECN-CT). It is usually referred to as TSX:ECN or ECN-T

Is ECN Capital a buy or a sell?

In the last year, there was no coverage of ECN Capital published on Stockchase.

Is ECN Capital a good investment or a top pick?

ECN Capital was recommended as a Top Pick by Peter Hodson on 2019-09-19. Read the latest stock experts ratings for ECN Capital.

Why is ECN Capital stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is ECN Capital worth watching?

0 stock analysts on Stockchase covered ECN Capital In the last year. It is a trending stock that is worth watching.

What is ECN Capital stock price?

On 2020-09-18, ECN Capital (ECN-T) stock closed at a price of $5.31.