Enercare springs a leak

  This is a post that I would ordinarily put on Workathon.It is a quarterly report but it is an irregular one.It shows the completion of the acquisition of Service Experts but the results are mixed up so badly that it is almost like a number of mathematical matrices thrown together.Enercare needs to improve their quarterly reports but their results are quite positive.
      Operational Results 

Enercare does break out it's quarterly highlights effectively.The most important highlights are that they have completed the acquisition of Service Experts.Enercare (ECI) adds that it's revenues are up by 81% over the same quarter last year;most of this increase has come from Service Experts.This is also the fourth consecutive quarter of net growth of rental units.This is a problem that has bothered Enercare in the past and they have made a number of changes to remedy it.Lastly they increased the number of sub-metering units by 13%;these units were part of their acquisition of a company called Triacta in 2015.

Earnings Call

Enercare reports that revenues increased by 81% over the first quarter of 2015.Consequently total EBITDA increased by 20% over Q2 in 2015 for 3 months and by 10% over 6 months of 2015.And the all inclusive acquisition adjusted EBITDA increased by 25% over the first quarter of 2015 to $75 million and by 9% over the first half of 2015 to $133 million.This means that acquisition adjusted EBITDA is on track to hit $185 to $200 million for 2016.Earnings per share should be around $1.90 to $2.00 per share for 2016.Using a conservative multiple of 10 this puts ECI shares at $20 to $21 per share by Christmas.Yes Enercare sprung a leak; it's a leak of revenues and earnings.

                                                   see recent price forecast on Blogdaleupsome.blogger.com;see financial analysis of fast growing Enercare