OTCPK:CSUWF - Post Discussion
Post by
retiredcf on May 26, 2017 7:35am
Douglas Kee
Here's the clip (second stock featured) and an additional comment. GLTA
https://www.bnn.ca/video/douglas-kee-s-top-picks~1132909
ENERCARE (ECI.TO) ($18.50)
ECI, through its focus on sales and rentals of water heaters, HVAC systems, sub-metering and protection plans, creates long-term stable revenue streams, which translate into stable and growing earnings and dividends. Enercare shares were very strong in the first four months of the year, rising from $18.00 to near $22.00. The rise was based on three factors: a market shift back to defence, less upside pressure on interest rates and the sale of a major competitor Reliance Home Comfort at a high valuation. Q1 earnings proved to be a disappointment due to a mild winter and poor company guidance on elevated SG&A costs from the rollout of a rental program across the U.S. Service Expert Business. With the shares trading off, we believe the stock is attractive given its 5.2 per cent yield and dividend growth potential of five per cent plus over the next few years.
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