how i lost $109.000 back in around mid 2010 we found ourselves with a little over extra 15k after selling one of our first houses. I was always drawn to utilities as an investment and searching the market, came across an obscure company called Consumers Water heaters Income Fund. They were in business or renting out water heaters to home owners and had commercial metering business segment as well.
They were trading around $4 a share at the time. I liked the business because I could relate to the simple need of everyone needing hot water. As an income trust they also paid a monthly dividend of a few cents. But at exactly the same time, they had difficulty getting Ontario provincial approvals for their commercial metering business. They also had an ongoing Board of Directors rumblings and negative press all around them.
I watched shares go down to $3 and change then a bit up and then I sort of lost my focus with them. And never bought any shares!
After a while, the Trusts were converted and the company was renamed into ....Enercare Inc.!
I looked at it again around 2014, when shares were around $9 and still did not pool the trigger.
That same water heating business, that has been the CORE of Enercare, providing hot water rentals to 1,1 mln customers daily is going to be bought for $29 per share by Brookfield!!
And I am seating here knowing that my 15k invested, could have been worth $124,000.00
On the top of the monthly divies which increased 50% during these past years. And which I could have received.
Hot water, natural gas, hydro: all of us, no exception need these services and PAY for them like a clock, often times at the expense of even food.
Thoughts like these make me turn off my screen with the running ALA stock quotes and do something more productive with my time...