Q: Can you comment on ECN quarterly update please?
5i Research Answer:
We have some additional comments from last week here. EPS of 2c did miss estimates of 4.9c; Revenue of $55M missed estimates of $66.5M. EBITDA of $24.1M missed estimates of $37.7M. New orginations were $548M, up 9%. EBITDA did rise sharply from the prior year. Debt was reduced by $32M. Not great numbers, but the hurricanes last year did have a significant impact. The stock is very cheap and the outlook is better than the best. We would be more interested if not for new economic concerns brought on by the current trade war.