EnerCare (ECI)

Great article and very much one to look into, depending on your strategy!

 

insearchofamillion

Initiated a position at $15.15.

Over the last 2 years, TSX index is down 13.2% and oil is down 67.4%. Here is a company that is up 69.1% and pays a dividend of 5.7%. One would think that this is a high flying tech or pharmaceutical company that is experiencing significant growth or technological advance. Nope! This is a company that sells and rents water heaters. Water heaters!

Latest stat: 31.45x P/E, 5.7% dividend yield, 16.8% ROE (as at Sept 30, 2015)

ECI 20160119

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About andrepartridge

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