Enercare, Inc. CSUWF

Analyst Recommendation

[retiredcf]

First stock in the clip. GLTA

https://www.bnn.ca/Video/player.aspx?vid=739016

2015-10-30

HOLD

Steve DiGregorio

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%. / Be the first to comment

Price: $15.270 Subject: CANADIAN DIVIDEND Bias: OPTIMISTIC Owned: Yes

[SHUMBA]

Yes, this business model ties in with a "user pay" system... by this I mean installing sub meters in condos and apartment buildings, tenants or owners of each unit will now pay for the amount of energy they actually use in their units rather than having one bill for the entire building currently shared evenly amongst the occupants. Sub-metering is definitely a more equitable way of