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Strategies & Market Trends : Dividend investing for retirement
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To: Mannie who wrote (22326)8/8/2016 9:29:26 AM
From: E_K_S2 Recommendations

Recommended By
Mannie
RumbleFish

   of 34328
 
EnerCare Inc. (CSUWF)

A really nice report and double digit growth (+19%) in EBITDA.

TORONTO, ON--(Marketwired - August 08, 2016) - Enercare Inc. ("Enercare") (TSX: ECI), one of North America's leading providers of essential home and commercial services and energy solutions, today reported its financial results for the second quarter ended June 30, 2016. Unless otherwise specified, dollar amounts herein are expressed in Canadian currency.

Q2 2016 Highlights

Increased total company revenue by 81%
Reported fourth consecutive quarter of net growth in rental units
Increased heating, ventilation and air conditioning ("HVAC") rental transactions by 30%
Completed acquisition of SEHAC Holdings Corporation, which operates under the brand Service Experts, on May 11, 2016 ("Service Experts")
Widened monthly average rental rate spread between a new and lost customer to $16.16, a $1.90 increase
Grew the number of sub-metering contracted, installed and billing units by 13%, 2% and 8%, respectively
Increased total company EBITDA2 by 19%

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Unfortunately, I have been peeling off a few shares recently so my position is small. My avg cost is $6.75/share on buy 2/2011 and 3/2011. Stock is trading higher on their report; last $13.25/share +2%

Good Investing

EKS
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