Another CommentAs can be seen, he made the same claim that it was overpriced a year ago (when it was $4.00 cheaper) so I suspect that there's a bit of sour grapes here. I will give him credit for elevating his description of ECI from "a nice little name" to a "great company." GLTA
https://www.bnn.ca/video/greg-newman-discusses-enercare~977987
2016-10-21 DON'T BUY Greg Newman
Great company and a great chart. He has been modelling a 9% EBITDA growth over the next couple of years and that their debt levels come down from 3.1 to about 2.9 by the end of 2018. Some of the businesses they are getting into are pretty capital intensive, which is a bit of a problem. All in, it is a great company, but pretty expensive.
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Price:
$19.500
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2015-11-05 BUY on WEAKNESS Greg Newman
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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Price:
$15.600
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Unknown