The Investment Reporter, in its Sept. 16, 2016, issue, says buy EnerCare Inc., recently $18.62. EnerCare converted to a corporation from an income fund on Jan. 1, 2011. The Reporter said buy EnerCare's predecessor, the Consumers' Waterheater Income Fund, on July 22, 2005, at $16.15, and again on April 25, 2008, at $12.63. It said sell on Jan. 21, 2011, at $7.53. Assuming an investment of $1,000 for each of the two buys, selling the $2,000 position at $7.53 would have yielded a loss of $975. The Reporter's sister publication, Money Reporter, rates EnerCare a buy, and so do two analysts. As a result, the newsletter has upgraded the stock from hold to buy. EnerCare's main asset is 1.1 million water heaters in Ontario, mostly with residential customers. The company expects to earn 39 cents a share this year, giving a very high price-to-earnings ratio of 47.7. In 2017, EnerCare's earnings are expected to rise to 57 cents a share, which works out to a still-high P/E ratio of 32.7. This may put the attractive 92-cent-a-share dividend at risk. Even though the stock looks costly, the shares have upward momentum. Buy.