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.
FIRSTSERVICE CORP. $212 (www.firstservice.com) is a buy. The company provides property management services to businesses and individuals. FirstService tends to fuel its growth with acquisitions of smaller businesses that expand its market share....
TC ENERGY INC., $54.28, Toronto symbol TRP, remains a buy.
TC generates steady cash flow for investors mainly through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine power plants.
The company is now selling its Portland Natural Gas Transmission System to BlackRock Inc....
TC generates steady cash flow for investors mainly through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine power plants.
The company is now selling its Portland Natural Gas Transmission System to BlackRock Inc....
FIRSTSERVICE CORP. $221 is a buy for aggressive investors. The company (Toronto symbol FSV; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 44.6 million; Market cap: $9.9 billion; Price-to-sales ratio: 1.7; Dividend yield: 0.6%; TSINetwork Rating: Extra Risk; www.firstservice.com) has two main businesses: FirstService Brands (54% of revenue) offers a wide variety of property management services through several franchised businesses, including Paul Davis Restoration and CertaPro Painters; and FirstService Residential (46%) provides property management services such as collecting monthly condominium fees and maintenance services.
In 2023, FirstService spent $547.2 million on acquisitions of smaller firms (all amounts except share price and market cap in U.S....
In 2023, FirstService spent $547.2 million on acquisitions of smaller firms (all amounts except share price and market cap in U.S....
TC ENERGY INC., $52.08, Toronto symbol TRP, remains a buy.
TC generates steady cash flow for investors mainly through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine power plants.
The company continues to make progress with its plan to build a new pumped storage hydro power project near Meaford, Ontario....
TC generates steady cash flow for investors mainly through a 93,700-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine power plants.
The company continues to make progress with its plan to build a new pumped storage hydro power project near Meaford, Ontario....
These two firms operate in the highly cyclical real estate industry, which adds risk. However, both are market leaders and continue to make savvy acquisitions. That helps them attract and retain clients during economic slowdowns.
FIRSTSERVICE CORP....
FIRSTSERVICE CORP....
IMPERIAL OIL LTD., $75.06, Toronto symbol IMO, is a buy.
This company gets over 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in offshore projects in Atlantic Canada.
Its other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.
Imperial now plans to spend $1.7 billion on capital upgrades and exploration in 2024, roughly equal to what it likely spent in 2023.
Part of that spending will go to a “renewable” diesel fuel complex at Imperial’s Strathcona refinery near Edmonton....
This company gets over 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in offshore projects in Atlantic Canada.
Its other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.
Imperial now plans to spend $1.7 billion on capital upgrades and exploration in 2024, roughly equal to what it likely spent in 2023.
Part of that spending will go to a “renewable” diesel fuel complex at Imperial’s Strathcona refinery near Edmonton....
CANADIAN PACIFIC KANSAS CITY LTD., $96.50, Toronto symbol CP, is your #1 Conservative Buy for 2023.
The company took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. completed the acquisition of U.S.-based railway Kansas City Southern.
CP paid $31 billion U.S....
The company took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. completed the acquisition of U.S.-based railway Kansas City Southern.
CP paid $31 billion U.S....
In April 2020, we promoted real-estate service providers FirstService and Colliers from Power Growth Investor to The Successful Investor, our flagship newsletter.
Since then, FirstService has gained 57%. That’s largely because homeowners have continued to upgrade their properties even after the pandemic....
Since then, FirstService has gained 57%. That’s largely because homeowners have continued to upgrade their properties even after the pandemic....
ROYAL BANK OF CANADA, $124.12, Toronto symbol RY, is still a buy.
In November 2022, the bank agreed to pay $13.5 billion in cash for the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC). To put that cost in context, Royal’s market cap (the total value of all outstanding shares) is $172.3 billion.
HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....
In November 2022, the bank agreed to pay $13.5 billion in cash for the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC). To put that cost in context, Royal’s market cap (the total value of all outstanding shares) is $172.3 billion.
HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....
Canada’s population rose by 1 million in the past year and now exceeds 40 million. If current immigration levels and other trends continue, the population could top 50 million by 2043.
The influx of new people is accelerating the construction of residential housing across the country....
The influx of new people is accelerating the construction of residential housing across the country....