Q: Hi There, regarding ECN and your recent comments, so I take it you are willing to hang on for a few more quarters then? I know you’ve always spoken highly of Steve Hudson and his abilities. Also didn’t they give notice earlier this year about a “Special Review” or has this come and gone with no results?
Ok thanks!
Ok thanks!
5i Research Answer:
Yes, we are willing to see if a different rate environment changes their outlook/performance. The review concluded, with the announcement of the Skyline joint venture and financing, which we viewed as positive overall. Mr. Hudson has had multiple business successes, and ECN was as well until just recently.