EnerCare Inc

ECI-T

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Analysis and Opinions about ECI-T

Signal
Opinion
Expert
COMMENT
COMMENT
June 1, 2016

As a trade, it is very difficult at this level. This is an area where it is having problems of getting through. Wouldn’t put new money into it before seeing it break out of what it is doing now.

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EnerCare Inc (ECI-T)
June 1, 2016

As a trade, it is very difficult at this level. This is an area where it is having problems of getting through. Wouldn’t put new money into it before seeing it break out of what it is doing now.

COMMENT
COMMENT
May 25, 2016

Rents water heaters, water tanks. Has had a good run. A well-run business. They are making acquisitions. A nice and steady business. Dividend yield of 5.6%.

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EnerCare Inc (ECI-T)
May 25, 2016

Rents water heaters, water tanks. Has had a good run. A well-run business. They are making acquisitions. A nice and steady business. Dividend yield of 5.6%.

COMMENT
COMMENT
May 13, 2016

A good yield play. It has been a solid name and has done a great job in water heaters, etc.

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EnerCare Inc (ECI-T)
May 13, 2016

A good yield play. It has been a solid name and has done a great job in water heaters, etc.

BUY
BUY
May 4, 2016

(Market Call Minute.) Very stable business. Started out with water heaters and has diversified into HVAC, and bought a company in the US that does home repairs.

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(Market Call Minute.) Very stable business. Started out with water heaters and has diversified into HVAC, and bought a company in the US that does home repairs.

HOLD
HOLD
April 26, 2016

One of his favourite names, and one of his longest term holdings. Likes the cash flow that they kick off. Still undervalued by the street. Historically has traded at about 8-8.5X EBITDA, but is now trading at about 10. Recently made an acquisition in the US, primarily heating and air-conditioning, which takes them away from their water heater business. That is probably a positive. Good yield.

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EnerCare Inc (ECI-T)
April 26, 2016

One of his favourite names, and one of his longest term holdings. Likes the cash flow that they kick off. Still undervalued by the street. Historically has traded at about 8-8.5X EBITDA, but is now trading at about 10. Recently made an acquisition in the US, primarily heating and air-conditioning, which takes them away from their water heater business. That is probably a positive. Good yield.

PAST TOP PICK
PAST TOP PICK
April 21, 2016

(Top Pick Apr 16/15, Up 12.47%) They shifted from water heater sales to rentals because it creates a recurring revenue stream. A nice yield when it is hard to get a safe yield. 5.3% dividend.

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EnerCare Inc (ECI-T)
April 21, 2016

(Top Pick Apr 16/15, Up 12.47%) They shifted from water heater sales to rentals because it creates a recurring revenue stream. A nice yield when it is hard to get a safe yield. 5.3% dividend.

DON'T BUY
DON'T BUY
April 20, 2016

This is all over the place. Home heating, plumbing, etc. Recently did another take over and the stock got hit. Had taken on a lot of debt to do it. Thinks it will do well. They pay a lovely dividend which has been increasing over the years. Wouldn’t buy this now.

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EnerCare Inc (ECI-T)
April 20, 2016

This is all over the place. Home heating, plumbing, etc. Recently did another take over and the stock got hit. Had taken on a lot of debt to do it. Thinks it will do well. They pay a lovely dividend which has been increasing over the years. Wouldn’t buy this now.

COMMENT
COMMENT
April 19, 2016

A very stable, slow growth company. They do all the HVAC for Enbridge (ENB-T). They have a recurring revenue stream. This is kind of a safe, income, defensive name. Dividend yield of 5.3%.

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EnerCare Inc (ECI-T)
April 19, 2016

A very stable, slow growth company. They do all the HVAC for Enbridge (ENB-T). They have a recurring revenue stream. This is kind of a safe, income, defensive name. Dividend yield of 5.3%.

COMMENT
COMMENT
April 5, 2016

One that he would consider owning. A business that is very stable in terms of revenue, EBITDA, and free cash flow, which they pay back to shareholders. Recently made an acquisition in the US which will increase their margins and diversify them.

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EnerCare Inc (ECI-T)
April 5, 2016

One that he would consider owning. A business that is very stable in terms of revenue, EBITDA, and free cash flow, which they pay back to shareholders. Recently made an acquisition in the US which will increase their margins and diversify them.

BUY
BUY
March 30, 2016

Would accumulate this anywhere around $15. Payout ratio is relatively low. There is a good path to dividend and cash flow growth. A very sustainable business, especially given all the acquisitions they have undertaken in the last couple of years. This is going to be a very steady performer where you are going to be able to bank on 5%-10% total return through to 2017.

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EnerCare Inc (ECI-T)
March 30, 2016

Would accumulate this anywhere around $15. Payout ratio is relatively low. There is a good path to dividend and cash flow growth. A very sustainable business, especially given all the acquisitions they have undertaken in the last couple of years. This is going to be a very steady performer where you are going to be able to bank on 5%-10% total return through to 2017.

PAST TOP PICK
PAST TOP PICK
March 17, 2016

(Top Pick Apr 16/15, Up 10.02%) He is buying it still for new clients. He likes the new acquisitions.

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EnerCare Inc (ECI-T)
March 17, 2016

(Top Pick Apr 16/15, Up 10.02%) He is buying it still for new clients. He likes the new acquisitions.

TOP PICK
TOP PICK
March 15, 2016

Water heaters. This is under the theme of having something relatively safe with a dividend. Made a US acquisition which looks pretty awesome, looking like 25%-35% accretion over the next 12 months. They had to finance this with equity and debt. The backward PE looks expensive, but the forward PE looks pretty good. Think you can see 15%-20% in 12 months, before going back to a regular 5%-7% or something. Dividend yield of 5.44%.

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EnerCare Inc (ECI-T)
March 15, 2016

Water heaters. This is under the theme of having something relatively safe with a dividend. Made a US acquisition which looks pretty awesome, looking like 25%-35% accretion over the next 12 months. They had to finance this with equity and debt. The backward PE looks expensive, but the forward PE looks pretty good. Think you can see 15%-20% in 12 months, before going back to a regular 5%-7% or something. Dividend yield of 5.44%.

HOLD
HOLD
December 1, 2015

He bought this at $4+. Has been happily accepting the dividends, which go up pretty much every year. CEO has been a wonderful operator. Thinks it has further to run.

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EnerCare Inc (ECI-T)
December 1, 2015

He bought this at $4+. Has been happily accepting the dividends, which go up pretty much every year. CEO has been a wonderful operator. Thinks it has further to run.

PAST TOP PICK
PAST TOP PICK
November 24, 2015

(A Top Pick Dec 30/14. Up 16.42%.)*Long* (A pairs trade with Just Energy (JE-T). Provider of water heaters in southern Ontario. They also do sub-metering in apartments and condominiums, which he views as the growth medium for the company. Nice yield of about 6.5%. Relatively cheap.

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EnerCare Inc (ECI-T)
November 24, 2015

(A Top Pick Dec 30/14. Up 16.42%.)*Long* (A pairs trade with Just Energy (JE-T). Provider of water heaters in southern Ontario. They also do sub-metering in apartments and condominiums, which he views as the growth medium for the company. Nice yield of about 6.5%. Relatively cheap.

WAIT
WAIT
November 19, 2015

Chart shows it is hitting a level of resistance that it has hit a couple of times before. It now looks like it is rounding over. That is very, very significant. There is very definitive evidence that the support levels are coming in at around $13-$13.10. A bounce off of that, like it did recently, is positive. You could trade it to the lid. When you are near the lid, the only way you would buy it is on a break out.

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EnerCare Inc (ECI-T)
November 19, 2015

Chart shows it is hitting a level of resistance that it has hit a couple of times before. It now looks like it is rounding over. That is very, very significant. There is very definitive evidence that the support levels are coming in at around $13-$13.10. A bounce off of that, like it did recently, is positive. You could trade it to the lid. When you are near the lid, the only way you would buy it is on a break out.

WAIT
WAIT
November 17, 2015

Energy stocks in Canada have actually done quite well in the last few weeks. That is unusual because historically that is not a time for energy stocks to do very well. This one has done quite well in the last few weeks. Historically, it does quite well from January through to April each year. Still a little bit early to invest on a seasonal basis, but technically it is already into gear. It has started to outperform and is in an upward trend. Wait until the stock comes under a bit of pressure, has a little bit of weakness coming in around the middle of January, and that would be the ultimate time to enter it for seasonal trade.

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EnerCare Inc (ECI-T)
November 17, 2015

Energy stocks in Canada have actually done quite well in the last few weeks. That is unusual because historically that is not a time for energy stocks to do very well. This one has done quite well in the last few weeks. Historically, it does quite well from January through to April each year. Still a little bit early to invest on a seasonal basis, but technically it is already into gear. It has started to outperform and is in an upward trend. Wait until the stock comes under a bit of pressure, has a little bit of weakness coming in around the middle of January, and that would be the ultimate time to enter it for seasonal trade.

BUY WEAKNESS
BUY WEAKNESS
November 5, 2015

A nice little name and he models really nice compound annual growth rate EPS over the next couple of years. Attrition rates have been improving. Has a 5.6% dividend yield, supported by 64% low payout ratio. The only thing he doesn’t like is that it is really not undervalued right now. Trading at around 8.8X 2015 estimated earnings, versus the five-year average of around 7.5. Try to buy this at a lower level.

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EnerCare Inc (ECI-T)
November 5, 2015

A nice little name and he models really nice compound annual growth rate EPS over the next couple of years. Attrition rates have been improving. Has a 5.6% dividend yield, supported by 64% low payout ratio. The only thing he doesn’t like is that it is really not undervalued right now. Trading at around 8.8X 2015 estimated earnings, versus the five-year average of around 7.5. Try to buy this at a lower level.

TOP PICK
TOP PICK
November 3, 2015

One of those companies that fall off the radar for a lot of Canadian investors. They sell, own, and rent water heaters to residents in Ontario. The cash flow growth profile during the next couple of years looks very good, especially if they tried to diversify their business and get a little bit more rental. They have a stranglehold on the sub-metering business in Ontario. You can really look for a solid dividend growth during the next few years. Dividend yield of 5.45%.

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EnerCare Inc (ECI-T)
November 3, 2015

One of those companies that fall off the radar for a lot of Canadian investors. They sell, own, and rent water heaters to residents in Ontario. The cash flow growth profile during the next couple of years looks very good, especially if they tried to diversify their business and get a little bit more rental. They have a stranglehold on the sub-metering business in Ontario. You can really look for a solid dividend growth during the next few years. Dividend yield of 5.45%.

HOLD
HOLD
October 30, 2015

A really boring business. Water heaters, water furnaces, rentals with almost a door-to-door sales style of business. This generates a lot of free cash flow. What is really interesting is their meter system. They go to large apartment blocks and install meter systems, and get a meter feed for every person on a monthly basis. That has a lot of torque to the upside. This is a new part of their business and you should see this coming in over the next 4-6 quarters. He likes the stock here. He doesn’t own it, but does own their debt. Dividend yield of 5.5%.

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EnerCare Inc (ECI-T)
October 30, 2015

A really boring business. Water heaters, water furnaces, rentals with almost a door-to-door sales style of business. This generates a lot of free cash flow. What is really interesting is their meter system. They go to large apartment blocks and install meter systems, and get a meter feed for every person on a monthly basis. That has a lot of torque to the upside. This is a new part of their business and you should see this coming in over the next 4-6 quarters. He likes the stock here. He doesn’t own it, but does own their debt. Dividend yield of 5.5%.

HOLD
HOLD
October 29, 2015

He sold because you can only own so many stocks and it fell out of his model. They are doing a lot of good things. 20% of their business is in the billing stage and the cash will hit their bottom line. Great dividend. However, it is close to 40 times price to earnings so it is quite sensitive to bad news. He thinks they will not raise dividends as much in the future.

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EnerCare Inc (ECI-T)
October 29, 2015

He sold because you can only own so many stocks and it fell out of his model. They are doing a lot of good things. 20% of their business is in the billing stage and the cash will hit their bottom line. Great dividend. However, it is close to 40 times price to earnings so it is quite sensitive to bad news. He thinks they will not raise dividends as much in the future.

COMMENT
COMMENT
September 15, 2015

For the 1st time since 2008, their water heater net sales are greater than their attrition. New legislation in April put a lot of curbs on door-to-door sales, and this is benefiting them. July is normally the peak season for door-to-door sales, so this bodes very well for them for the 2nd half of this year. In the sub-metering business in the last quarter, they had positive cash flow and positive EBITDA for the 1st time, and the street hasn’t given them any credit. Dividend yield of about 6%. Very undervalued and should trade at a premium in the utility sector instead of a discount. He really likes the name.

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EnerCare Inc (ECI-T)
September 15, 2015

For the 1st time since 2008, their water heater net sales are greater than their attrition. New legislation in April put a lot of curbs on door-to-door sales, and this is benefiting them. July is normally the peak season for door-to-door sales, so this bodes very well for them for the 2nd half of this year. In the sub-metering business in the last quarter, they had positive cash flow and positive EBITDA for the 1st time, and the street hasn’t given them any credit. Dividend yield of about 6%. Very undervalued and should trade at a premium in the utility sector instead of a discount. He really likes the name.

COMMENT
COMMENT
September 11, 2015

He doesn’t necessarily think there is any downside to the company; he just doesn’t know what the catalyst is to push the stock higher. Their underlying business is retail door-to-door water heaters along with some other areas of business. There is not enough growth for him at the current time. Dividend yield of 6%.

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EnerCare Inc (ECI-T)
September 11, 2015

He doesn’t necessarily think there is any downside to the company; he just doesn’t know what the catalyst is to push the stock higher. Their underlying business is retail door-to-door water heaters along with some other areas of business. There is not enough growth for him at the current time. Dividend yield of 6%.

BUY WEAKNESS
BUY WEAKNESS
September 8, 2015

Continues to like this. You’re getting a very attractive dividend yield at a reasonable valuation. For the next couple of quarters, the stock is going to remain relatively range bound between $13 and $14, as they integrate a large acquisition that they made last year. In the interim you are getting paid to wait. Starting at the beginning of next year you are going to see dividend growth and cash flow growth materialize. Their acquisition of the water heater business is going to unlock some synergies as time goes on. If it got down to $13, he would add to it.

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EnerCare Inc (ECI-T)
September 8, 2015

Continues to like this. You’re getting a very attractive dividend yield at a reasonable valuation. For the next couple of quarters, the stock is going to remain relatively range bound between $13 and $14, as they integrate a large acquisition that they made last year. In the interim you are getting paid to wait. Starting at the beginning of next year you are going to see dividend growth and cash flow growth materialize. Their acquisition of the water heater business is going to unlock some synergies as time goes on. If it got down to $13, he would add to it.

PAST TOP PICK
PAST TOP PICK
August 14, 2015

(A Top Pick April 16/15. Down 3.28%.) Announced they were going to focus more on the acquisition side of things, which means spending lots of cash and levering up the balance sheet. They are also going through a rebranding exercise. In the long term, that is a positive, but in the short to medium term that is going to be lots of the dollars spent, and he is looking for stocks that are going to be able to raise or grow their dividend. Sold his holdings.

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EnerCare Inc (ECI-T)
August 14, 2015

(A Top Pick April 16/15. Down 3.28%.) Announced they were going to focus more on the acquisition side of things, which means spending lots of cash and levering up the balance sheet. They are also going through a rebranding exercise. In the long term, that is a positive, but in the short to medium term that is going to be lots of the dollars spent, and he is looking for stocks that are going to be able to raise or grow their dividend. Sold his holdings.

PAST TOP PICK
PAST TOP PICK
July 29, 2015

(A Top Pick July 28/14. Up 0.90%.) Yielding about 6.4%. They are still integrating the Consumer Home Services acquisition. This is adding to revenues and giving them a steadier fee income. The smart meter business continues to grow. A nice yield play to hold on to.

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EnerCare Inc (ECI-T)
July 29, 2015

(A Top Pick July 28/14. Up 0.90%.) Yielding about 6.4%. They are still integrating the Consumer Home Services acquisition. This is adding to revenues and giving them a steadier fee income. The smart meter business continues to grow. A nice yield play to hold on to.

BUY
BUY
July 8, 2015

Had it as a pairs trade with Just Energy. They really like Enercare and thinks it is a great investment. Nice yield which is sustainable. It has a growth profile. Great position, core holding for him. 6.2 dividend yield.

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EnerCare Inc (ECI-T)
July 8, 2015

Had it as a pairs trade with Just Energy. They really like Enercare and thinks it is a great investment. Nice yield which is sustainable. It has a growth profile. Great position, core holding for him. 6.2 dividend yield.

TOP PICK
TOP PICK
July 2, 2015

The recent pullback is a great buying opportunity. Good management. Did a large acquisition recently and are going to benefit from the synergies of that. You should also see growth in the underlying business as attrition windows down. Dividend yield of 6.25%.

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EnerCare Inc (ECI-T)
July 2, 2015

The recent pullback is a great buying opportunity. Good management. Did a large acquisition recently and are going to benefit from the synergies of that. You should also see growth in the underlying business as attrition windows down. Dividend yield of 6.25%.

BUY
BUY
June 19, 2015

It is a great company. He thinks it could go to $16.50 or so. He could see someone buying it for the dividend.

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EnerCare Inc (ECI-T)
June 19, 2015

It is a great company. He thinks it could go to $16.50 or so. He could see someone buying it for the dividend.

PAST TOP PICK
PAST TOP PICK
June 5, 2015

(A Top Pick April 16/15. Down 4.48%.) He is still buying this. The story hasn’t changed. They are about a 3rd in the billing space and two thirds in the home services. Great yield of 5.85%.

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EnerCare Inc (ECI-T)
June 5, 2015

(A Top Pick April 16/15. Down 4.48%.) He is still buying this. The story hasn’t changed. They are about a 3rd in the billing space and two thirds in the home services. Great yield of 5.85%.

TOP PICK
TOP PICK
May 29, 2015

A very safe name. An ideal name for retail investors. Has a 5.5% sustainable dividend yield. About a 60% payout ratio, and using maintenance CapX, it drops down to about 48%. Trading at about 8.5X EV to EBITDA, while other utility names trade at about 11 times. They have a growth profile that utilities don’t have, through the sub-metering business.

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EnerCare Inc (ECI-T)
May 29, 2015

A very safe name. An ideal name for retail investors. Has a 5.5% sustainable dividend yield. About a 60% payout ratio, and using maintenance CapX, it drops down to about 48%. Trading at about 8.5X EV to EBITDA, while other utility names trade at about 11 times. They have a growth profile that utilities don’t have, through the sub-metering business.

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