Topic: How To Invest

The Successful Investor Hotline – Friday, September 6, 2024

Article Excerpt

COLLIERS INTERNATIONAL GROUP INC., $189.43, Toronto symbol CIGI, is a buy for aggressive investors. This company offers a range of services, including helping clients buy and sell commercial real estate, arranging financing, and assessing properties for tax purposes. Colliers tends to use acquisitions to enhance its market share and spur its long-term growth. It cuts the risk of this strategy by buying smaller businesses that expand its market share and geographic reach. The company’s latest purchase is engineering firm Pritchard Francis Consulting Pty Limited. Based in Western Australia, that company provides a variety of engineering services to clients in the transportation, land development, mining and public infrastructure industries. Colliers has not yet said how much it will pay for this business when it completes the purchase later this year. However, the acquisition will expand the company’s presence in the Asia Pacific region, which supplied 15% of its revenue in the second quarter of 2024. Deals like this will help lift Colliers’ earnings for all of…