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.
GOODYEAR TIRE & RUBBER, $13.42, symbol GT on New York, reported record sales in the latest quarter. In the three months ended December 31, 2011, the company’s sales rose 12.0%, to a record $5.7 billion from $5.1 billion a year earlier. North American sales climbed 17.5%, to a record $2.6 billion from $2.2 billion. Sales rose 10.7% in Europe, the Middle East and Africa; 2.4% in Latin America; and 5.1% in the Asia-Pacific region....
REITMANS (CANADA) LTD. $14.25 (Toronto symbol RET.A; TSINetwork Rating: Extra Risk) (514-384-1140; www.reitmans.com; Shares outstanding: 66.3 million; Market cap: $944.8 million; Dividend yield: 5.6%) owns 975 women’s clothing stores across Canada. The chain consists of 366 Reitmans, 158 Penningtons, 158 Smart Set, 123 Addition Elle, 77 Thyme Maternity, 68 RW & Co. and 25 Cassis stores. Reitmans is in the process of closing the Cassis stores and converting them to its other chains. In the three months ended October 29, 2011, Reitmans’ earnings fell 49.0%, to $10.6 million, or $0.16 a share, from $20.7 million, or $0.31 a share, a year earlier. The company’s sales were down 3.2%, to $254.1 million from $262.5 million. Same-store sales declined 5.8%....
FIRSTSERVICE CORP. $28.40 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 30.5 million; Market cap: $866.2 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 20,000 employees worldwide.
FirstService’s revenue rose 10.4% in the three months ended September 30, 2011, to $585.4 million from $530.5 million a year earlier (all figures except share price in U.S. dollars). Excluding one-time items, earnings per share were unchanged at $0.61. Cash flow rose 22.6%, to $1.03 a share from $0.84.
Revenue increased at two of FirstService’s three divisions: commercial real estate (up 14%) and residential property management (up 15%).
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FirstService’s revenue rose 10.4% in the three months ended September 30, 2011, to $585.4 million from $530.5 million a year earlier (all figures except share price in U.S. dollars). Excluding one-time items, earnings per share were unchanged at $0.61. Cash flow rose 22.6%, to $1.03 a share from $0.84.
Revenue increased at two of FirstService’s three divisions: commercial real estate (up 14%) and residential property management (up 15%).
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ACI WORLDWIDE, $36.17, symbol ACIW on Nasdaq, makes software used to process transactions involving credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank payments. In March 2011, ACI bought ICD Corp. for an undisclosed amount. ICD has over 140 customers who use its software to authorize credit- and debit-card transactions through over 70 different payment processors, including banks and credit-card companies. ACI’s revenue rose 22.7% in the three months ended June 30, 2011, to $113.4 million from $92.4 million a year earlier. The company earned $9.8 million, or $0.29 a share, compared to a loss of $150,000, or nil per share, a year earlier. The company holds cash of $170.8 million, or $4.98 a share....
PLEASE NOTE: Our next Hotline will go out on Friday, July 8, 2011. IAMGOLD CORP., $18.14, symbol IMG on Toronto, has now sold its 18.9% stake in the Tarkwa and Damang gold mines in Ghana to South African mining giant Gold Fields Ltd. IAMGold received cash of $667 million U.S. for these interests. The company now holds over $1.1 billion U.S. in cash and gold bullion. That gives it lots of options to spur its share price: it could raise exploration spending; make an acquisition; pay dividends; or buy back shares....
FirstService Corp., symbol FSV on Toronto, serves the following areas of the real-estate market: commercial real estate; residential property management; and property improvement. We analyze FirstService in Stock Pickers Digest, our newsletter that gives you our aggressive stock market recommendations. In the three months ended March 31, 2011, FirstService’s revenue jumped 18.9%, to $478.4 million from $402.4 million a year earlier (all figures except share prices in U.S. dollars)....
FIRSTSERVICE CORP. $35.15 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 29.1 million; Market cap: $1.0 billion; No dividends paid) reported that its revenue rose 18.9% in the three months ended March 31, 2011, to $478.4 million from $402.4 million a year earlier (all figures except share price and market cap in U.S. dollars). The company saw higher revenue across all of its divisions: the commercial real-estate division’s revenue jumped 26.9%; residential-property-management revenue rose 14.6%; and property-services revenue rose 12.9%. Despite the higher revenue, earnings per share fell 6.7%, to $0.14 from $0.15, because of costs to integrate acquisitions. As well, the company’s commercial real-estate division will need to keep hiring more workers to prepare for future growth....
FIRSTSERVICE CORP., $35.77, 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 March 31, 2011, revenue jumped 18.9%, to $478.4 million from $402.4 million a year earlier (all figures except share prices in U.S. dollars). The company saw higher revenue across all of its divisions: the commercial real-estate division’s revenue jumped 26.9%; residential-property-management revenue rose 14.6%; and property-services revenue rose 12.9%....
FirstService Corp., symbol FSV on Toronto, serves the following areas of the real-estate market: commercial real estate; residential property management; and property improvement. FirstService is one of the stocks we cover in Stock Pickers Digest, our newsletter for aggressive investing. In the three months ended December 31, 2010, the real estate investment’s revenue jumped 18.5%, to $552.1 million from $465.8 million a year earlier. (All figures except share prices in U.S. dollars.) Earnings per share rose 37.0%, to $0.37 from $0.27....
AMAZON.COM INC., $177.24, symbol AMZN on Nasdaq, will now offer free streaming of movies and TV shows to its Amazon Prime members. These are customers who pay $79 a year to get unlimited two-day shipping from Amazon with no minimum purchase requirements. The company will offer Prime members more than 5,000 movies and TV shows. Netflix (New York symbol NFLX), Amazon’s rival in the Internet movie market, offers about 30,000 movies and TV shows for $96 a year. Amazon’s new service will benefit the company in a number of ways: It will reward Prime members. As well, it will draw attention to the company’s movie and TV-show downloading service, Amazon Instant Video, which lets customers buy or rent more than 90,000 commercial-free movies and TV shows (with prices of up to $3.99 for new releases)....