Pierre Lortie - ECN Capital Independent Director

ECN Stock  CAD 2.91  0.06  2.11%   

Director

Mr. Pierre Lortie is Independent Director of the Company. Mr. Lortie is Senior Business Advisor at Dentons Canada LLP, a major Canadian law firm. He is Chairman of the Credit and Risk Committee of the Board. Previously, Mr. Lortie served as a director of EFN from August 2011 to October 2016 and as director of Canam Group from 1989 to 2003 and from 2004 to 2017. He is currently Chairman of Quest Rare Minerals Ltd. Mr. Lortie served as President and Chief Operating Officer of Bombardier Transportation, Bombardier Capital, Bombardier International, and as President of Bombardier Aerospace, Regional Aircraft. He has also served as Chairman of Canadas Royal Commission on Electoral Reform and Party Financing. He was Chairman of the Board, President and Chief Executive Officer of Provigo Inc., President and Chief Executive Officer of the Montral Stock Exchange and a Senior Partner of Secor Inc. Mr. Lortie received a MBA degree with honours from the University of Chicago, a license in applied economics from the Universite catholique de Louvain, Belgium, and a Bachelors degree in applied sciences from Universite Laval, Canada. He was awarded a Doctorate Honoris Causa in civil law from Bishops University. He has earned the professional independent director designation from the Institute of Corporationrationrate Directors and the McGill University Desautels Faculty of Management. Mr. Lortie is a Fellow of the Canadian Academy of Engineering and a member of the Order of Canada. since 2016.
Age 72
Tenure 8 years
Address Commerce Court West, Toronto, ON, Canada, M5L 1A9
Phone416 646 4710
Webhttps://www.ecncapitalcorp.com

ECN Capital Management Efficiency

The company has return on total asset (ROA) of (0.0402) % which means that it has lost $0.0402 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1875) %, meaning that it generated substantial loss on money invested by shareholders. ECN Capital's management efficiency ratios could be used to measure how well ECN Capital manages its routine affairs as well as how well it operates its assets and liabilities. As of the 26th of November 2024, Return On Tangible Assets is likely to grow to -0.1. In addition to that, Return On Capital Employed is likely to grow to -0.03. At this time, ECN Capital's Total Assets are very stable compared to the past year. As of the 26th of November 2024, Total Current Assets is likely to grow to about 1.1 B, though Net Tangible Assets are likely to grow to (185.5 M).
ECN Capital Corp has accumulated 917.7 M in total debt with debt to equity ratio (D/E) of 0.85, which is about average as compared to similar companies. ECN Capital Corp has a current ratio of 4.31, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist ECN Capital until it has trouble settling it off, either with new capital or with free cash flow. So, ECN Capital's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ECN Capital Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ECN to invest in growth at high rates of return. When we think about ECN Capital's use of debt, we should always consider it together with cash and equity.

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ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States. ECN Capital Corp. was founded in 2016 and is headquartered in Toronto, Canada. ECN CAPITAL operates under Credit Services classification in Canada and is traded on Toronto Stock Exchange. It employs 590 people. ECN Capital Corp (ECN) is traded on Toronto Exchange in Canada and employs 680 people. ECN Capital is listed under Thrifts & Mortgage Finance category by Fama And French industry classification.

Management Performance

ECN Capital Corp Leadership Team

Elected by the shareholders, the ECN Capital's board of directors comprises two types of representatives: ECN Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ECN. The board's role is to monitor ECN Capital's management team and ensure that shareholders' interests are well served. ECN Capital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ECN Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
Paul Stoyan, Independent Director
Jacqueline Weber, Chief Officer
Mary Koenig, Chief Legal Officer
John Menard, Chief Officer
Hans Kraaz, CEO LLC
Randall Yasny, Senior Vice President - Corporate
Katherine Moradiellos, Vice Relations
David Morris, Independent Director
John Wimsatt, Senior Vice President - Corporate Development and Investor Relations
Mark Berch, President of Service Finance Company LLC
Steven Hudson, Chief Executive Officer, Director
Michael Tolbert, Pres Services
Donnie Cole, President LLC
Lance Hull, President Services
Karen Martin, Independent Director
Michael Lepore, Chief Financial Officer
BBA FCA, CEO Director
Pierre Lortie, Independent Director
Matt Nelson, President CEO
Steve Grosso, Chief US
William Lovatt, Independent Chairman of the Board
Michael Opdahl, President Financial
Joseph OBrien, Chief Financial
Scott Shaw, Chief Executive Officer of Kessler Financial Services, LLC
Matthew Heidelberg, Chief Services
Algis Vaitonis, Chief Credit Officer
Carol Goldman, Independent Director
James Barry, Chief Services

ECN Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ECN Capital a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with ECN Capital

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ECN Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ECN Capital will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to ECN Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECN Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ECN Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ECN Capital Corp to buy it.
The correlation of ECN Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ECN Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECN Capital Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ECN Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in ECN Stock

ECN Capital financial ratios help investors to determine whether ECN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ECN with respect to the benefits of owning ECN Capital security.