Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, August 1, 2008

Article Excerpt

FIRSTSERVICE CORP. $16.91, symbol FSV on Toronto, moved up almost 29% this week after reporting that revenues in the three months ended June 30, 2008 rose 23.6%, to $457.8 million from $370.5 million. (All figures except share price in U.S. dollars.) Earnings per share excluding one-time items rose 6.3% to $0.51 from $0.48. That was well above consensus expectations. FirstService companies include commercial real estate firm, Colliers International, residential property manager, FirstManagement Partners, and property improvements provider, The Franchise Company. FirstService recently completed the sale of its Integrated Security Services division for $187.5 million. It may now use that cash to make acquisitions of companies selling at depressed prices. FirstService is still a buy. SYMANTEC CORP. $21.70, Nasdaq symbol SYMC, rose 15% this week after it reported higher revenue and earnings. In its first fiscal quarter ended July 4, 2008, revenue grew 21.4%, to $1.7 billion from $1.4 billion a year earlier. Earnings before one-time items rose 30.1%, to $341.8 million from…