FirstService Corp.
Toronto symbol FSV, operates in the real estate services market, providing services in the following areas: commercial real estate; residential property management; and property improvement.
ALARMFORCE INDUSTRIES $10.54 (Toronto symbol AF; TSINetwork Rating: Speculative) (1-800- 267-2001; www.alarmforce.com; Shares outstanding: 12.2 million; Market cap: $128.6 million; Dividend yield: 0.9%) sells twoway voice alarm systems and monitoring services in Canada and increasingly in the U.S....
FIRSTSERVICE CORP. $33.92 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 28.8 million; Market cap: $976.9 million; No dividends paid) serves the following areas of the real estate market: commercial real estate, residential property management and property improvement. FirstService has more than 23,000 employees worldwide.
In the three months ended December 31, 2012, the company’s revenue rose 6.3%, to $632.5 million from $594.9 million a year earlier (all figures except share prices in U.S. dollars). Excluding one-time items, earnings per share jumped 30.8%, to $0.68 from $0.52.
Revenue rose at two of FirstService’s three divisions: commercial real estate (up 23%) and residential property management (up 10%).
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In the three months ended December 31, 2012, the company’s revenue rose 6.3%, to $632.5 million from $594.9 million a year earlier (all figures except share prices in U.S. dollars). Excluding one-time items, earnings per share jumped 30.8%, to $0.68 from $0.52.
Revenue rose at two of FirstService’s three divisions: commercial real estate (up 23%) and residential property management (up 10%).
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FIRSTSERVICE CORP., $32.12, symbol FSV on Toronto, serves the following areas of the real estate market: commercial real estate, residential property management and property improvement. In the three months ended December 31, 2012, the company’s revenue rose 6.3%, to $632.5 million from $594.9 million a year earlier (all figures except share prices in U.S. dollars). Excluding one-time items, earnings per share jumped 30.8%, to $0.68 from $0.52. Revenue rose at two of FirstService’s three divisions: commercial real estate (up 23%) and residential property management (up 10%)....
REITMANS (CANADA) LTD. $11.98 (Toronto symbol RET.A; TSINetwork Rating: Extra Risk) (514- 384-1140; www.reitmans.com; Shares outstanding: 65.5 million; Market cap: $784.7 million; Dividend yield: 6.7%) owns 918 women’s clothing stores across Canada. The chain consists of 360 Reitmans, 154 Penningtons, 152 Smart Set, 110 Addition Elle, 74 Thyme Maternity and 68 RW & Co. stores. In the three months ended July 28, 2012, Reitmans earned $27.4 million, or $0.42 a share. That was down 12.5% from $31.7 million, or $0.48 a share, a year earlier. Revenue was down 2.2%, to $279.5 million from $286.1 million. Same-store sales declined 1.3%....
FIRSTSERVICE CORP. $28.69 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 28.7 million; Market cap: $823.4 million; No dividends paid) provides services to the real estate industry. It sells and manages commercial real estate, manages residential buildings such as condos and rental apartments and provides property services like inspections, maintenance and repairs.
The company’s revenue rose slightly in the three months ended September 30, 2012, to $589.8 million from $585.4 million a year earlier (all figures except share price in U.S. dollars). Excluding one-time items, earnings per share fell 1.6%, to $0.60 from $0.61.
Revenue rose at two of FirstService’s three divisions: commercial real estate (up 17%) and residential property management (up 9%).
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The company’s revenue rose slightly in the three months ended September 30, 2012, to $589.8 million from $585.4 million a year earlier (all figures except share price in U.S. dollars). Excluding one-time items, earnings per share fell 1.6%, to $0.60 from $0.61.
Revenue rose at two of FirstService’s three divisions: commercial real estate (up 17%) and residential property management (up 9%).
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WYNDHAM WORLDWIDE CORP., $50.66, symbol WYN on New York, reported higher revenue and earnings in the latest quarter. In the three months ended September 30, 2012, Wyndham’s revenue rose 4.5%, to $1.27 billion from $1.21 billion a year earlier. The company gets most of its revenue from vacation rather than business travel, and vacation bookings rose in the latest quarter. That helped push up Wyndham’s occupancy rate by 1.9%. Before one-time items, earnings rose 20.2%, to $1.13 a share from $0.94. The company continues to buy back its stock. In the latest quarter, it repurchased 2.6 million shares for $133 million. In all of 2011, it bought back 28.7 million shares for $902 million....
REITMANS (CANADA) LTD. $11.97 (Toronto symbol RET.A; TSINetwork Rating: Extra Risk) (514-384-1140; www.reitmans.com; Shares outstanding: 65.5 million; Market cap: $784.0 million; Dividend yield: 6.7%) owns 925 women’s clothing stores across Canada. The chain consists of 364 Reitmans, 154 Penningtons, 153 Smart Set, 114 Addition Elle, 74 Thyme Maternity and 66 RW & Co. stores. In the three months ended April 28, 2012, Reitmans lost $53,000, or nil per share, compared to a profit of $624,000, or $0.01 a share, a year earlier. The company’s sales were down 1.0%, to $217.1 million from $219.3 million. Same-store sales declined 0.7%....
FIRSTSERVICE CORP. $27.65 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 28.7 million; Market cap: $793.6 million; No dividends paid) serves the following areas of the real estate market: commercial real estate, residential property management, and property improvement. FirstService has more than 23,000 employees worldwide.
FirstService’s revenue rose 2.4% in the three months ended March 31, 2012, to $490.1 million from $478.4 million a year earlier (all figures except share price in U.S. dollars). Excluding one-time items, the company lost $0.10 a share, compared to a profit of $0.14 a share.
Revenue increased at two of FirstService’s three divisions: commercial real estate (up 9%) and residential property management (up 14%).
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FirstService’s revenue rose 2.4% in the three months ended March 31, 2012, to $490.1 million from $478.4 million a year earlier (all figures except share price in U.S. dollars). Excluding one-time items, the company lost $0.10 a share, compared to a profit of $0.14 a share.
Revenue increased at two of FirstService’s three divisions: commercial real estate (up 9%) and residential property management (up 14%).
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VITERRA $14.65 (Toronto symbol VT; TSINetwork Rating: Average) (1-866-569-4411; www.viterra.ca; Shares outstanding: 371.7 million; Market cap: $5.4 billion; Dividend yield: 1.0%) is up almost 31% since the company said it has received expressions of interest from unnamed parties interested in taking it over. The stock was our Pick of the Month in the last issue (March 2012) of Stock Pickers Digest. At the time, it was trading at $10.09. That’s a 45.2% gain in one month. Our view is that the company is well positioned to benefit from an expected rise in Canadian and Australian crop yields in 2012, as well as the end of the Canadian Wheat Board’s monopoly on western Canadian wheat and barley sales. In addition, its Australian operations’ sales to Asia continue to rise....
FIRSTSERVICE CORP. $30.90 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 28.6 million; Market cap: $883.7 million; No dividends paid) serves the following areas of the real estate market: commercial real estate, residential property management and property improvement.
In the three months ended December 31, 2011, the company’s revenue rose 7.8%, to $594.9 million from $552.1 million a year earlier (all figures except share prices in U.S. dollars). Excluding one-time items, earnings per share rose 40.5%, to $0.52 from $0.37.
The company’s $316.4-million debt is a manageable 35.8% of its $883.7-million market cap.
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In the three months ended December 31, 2011, the company’s revenue rose 7.8%, to $594.9 million from $552.1 million a year earlier (all figures except share prices in U.S. dollars). Excluding one-time items, earnings per share rose 40.5%, to $0.52 from $0.37.
The company’s $316.4-million debt is a manageable 35.8% of its $883.7-million market cap.
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