Acquisition spurs FirstService Corp’s revenue, profit

Acquisition spurs FirstService Corp’s revenue, profit

Recent acquisitions led to a 32.7% revenue boost for this company during the most-recent quarter. The boost bodes well for this spinoff’s future gains and those of its investors. 

The stock trades at 27.8 times the company’s 2020 earnings forecast.


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FIRSTSERVICE CORP. (Toronto symbol FSV; www.firstservice.com)… Read More

Your 85% and 250% gains are just a start

Studies show that both a spinoff and its parent company perform better for investors than comparable firms for several years following their split. That’s especially so with industry leaders like these two. Both are Buys for investors.
FirstService set up its commercial real estate business, Colliers International Group,… Read More

Parent and spinoff are holds for now

FIRSTSERVICE CORP. $135.52 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 39.2 million; Market cap: $4.7 billion; Dividend yield: 0.6%) set up its commercial real estate business, Colliers International Group, as a separate company on June 1, 2015 (see this page). It… Read More

FirstService fills a gap

FIRSTSERVICE CORP. $131.32 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.7 million; Market cap: $4.7 billion; Dividend yield: 0.6%) has agreed to buy Global Restoration Holdings, the parent company of Interstate Restoration and FirstOnSite Restoration. Neither party has yet disclosed a purchase price.
FirstOnSite Restoration… Read More

Hold on to these real estate picks

FIRSTSERVICE CORP. $115.56 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 36.0 million; Market cap: $4.2 billion; Dividend yield: 0.7%) set up its commercial real estate business, Colliers International Group, as a separate company on June 1, 2015 (see this page). It then handed out… Read More