These two have more growth ahead

In April 2020, we promoted real-estate service providers FirstService and Colliers from Power Growth Investor to The Successful Investor, our flagship newsletter.
Since then, FirstService has gained 57%. That’s largely because homeowners have continued to upgrade their properties even after the pandemic. Colliers is also up 31%. That smaller… Read More

Earnings jumped 30.4% at FirstService

Earnings jumped 30.4% at FirstService

FirstService is hitting new highs thanks to strong demand for its residential services and recurring contracts. We still like its long-term outlook due to its strong brands and high share of niche markets.

In the meantime, it retains a strong balance sheet while both revenues and… Read More

Three ways to profit from construction boom

Canada’s population rose by 1 million in the past year and now exceeds 40 million. If current immigration levels and other trends continue, the population could top 50 million by 2043.
The influx of new people is accelerating the construction of residential housing across the country… Read More

Their strong brands make them buys

These top providers of real estate services are moving in different directions. FirstService is hitting new highs thanks to strong demand for its residential services and recurring contracts. Colliers, however, has dipped on concerns that the shift to remote work and high interest rates are… Read More

FirstService Corp. should see 13% earnings growth as it expands its market share and reach

FirstService Corp. should see 13% earnings growth as it expands its market share and reach

Recent acquisitions have helped drive revenue higher by 19.0% in the most recent quarter. Earnings should lift in the coming fiscal year.

We feel the company’s strong brands and market share justify the valuation, despite the stock trading at 28.8 times the company’s 2023 earnings forecast.

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FIRSTSERVICE… Read More

Quality brands offset high p/e

FIRSTSERVICE CORP. $191 is a buy for aggressive investors. The company (Toronto symbol FSV; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 44.2 million; Market cap: $8.4 billion; Price-to-sales ratio: 1.8; Dividend yield: 0.6%; TSINetwork Rating: Extra Risk; www.firstservice.com) has two main businesses: FirstService Residential provides property management services… Read More