Stock of the Day - EnerCare Inc. (ECI C$9.51, TSX)

I was glad to see, in my brokerage account, one of my stocks to be featured as the “stock of the day” and decided to share that with you. I personally started buying this stock about a year ago for around $8.50 per share. I’m a big believer of this company. Anyway, here’s what Disnat analysts had to say about this company:

We marketed with EnerCare’s CEO John Macdonald and CFO Evelyn Sutherland in Toronto on October 10. We came away with increased conviction in the company’s ability to meet (or even exceed) the long-term rentals gross attrition assumption of 4.0% that is built into our forecasts. On the sub-metering side of the business, management continues to position the company for an eventual slowdown in the Toronto condominium market by promoting its ‘whole building solution’, Though developers continue to bring new condominium projects on stream. We believe that EnerCare’s current share price presents an attractive entry point for investors to initiate or add to positions. We maintain our Buy–Average Risk rating and C$11.25 target.

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