Enercare, Inc. CSUWF

Results and Stock Price

[lotus1]

So, we have RBC and TD  reports on the quarterly results. While TD analyst was quick to cut the price target to $20 from $22, RBC analyst happily maiantained $26 price target and Outperform rating on the stock and believes, this over reaction is a buying opportunity.

Another research analyst thinks, although earnings missed expectations but it was a record quarter, nothing has fundamentally changed and company's prospects remain good. 

To me, it seems like a great opportunity to add for decent/stable  dividend and growth.
So we did on Friday and would love to add more if weakness continues.

[bmbruce]

..i am also going to add...will just wait a day or so to let things settle..think we have bottomed out  

[maypeters]

Actually TD kept the price target at $22 the first time.  then maybe the analyst got the call that TD clients wanted to buy in so brought it down to $20 around 2-3 hours later. 

[bmbruce]

 the decision to lower the pt shortly after keeping it unchanged seems somewhat unusual...perhaps your explanation is correct..the rbc analyst seems very firm in maintaining his outperform position...actually if one looks at the history of many analysts their price targets are most often missed by significant amounts..

[maypeters]

TD (in their first look) also had ECI as a BUY with PT $22 and then 3 hours later downgraded it to a HOLD with PT $20 Very unusual indeed. 

[TG1960]

bought 500 more shares just now to increase my position more just like november.

[maypeters]

added 400 more - up to 2K shares now in ECI

[autofocus111]

I find it amazing that in both the TD and RBC analyst updates, the weak rental penetration in USA was flagged but there was no mention of the company's explanation for this, which was as follows below. The RBC guy appears to be making up his own story to explain it. Buncha number-crunching clowns these analysts are. >>>The U.S. rental program is similar to Enercare's existing