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.
These top providers of real estate services are moving in different directions. FirstService is hitting new highs thanks to strong demand for its residential services and recurring contracts. Colliers, however, has dipped on concerns that the shift to remote work and high interest rates are hurting demand for office buildings....
FIRSTSERVICE CORP. $190 (www.firstservice.com) is a buy. The company provides property management services to businesses and individuals. FirstService tends to fuel its growth with acquisitions....
FIRSTSERVICE CORP. $191 is a buy for aggressive investors. The company (Toronto symbol FSV; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 44.2 million; Market cap: $8.4 billion; Price-to-sales ratio: 1.8; Dividend yield: 0.6%; TSINetwork Rating: Extra Risk; www.firstservice.com) has two main businesses: FirstService Residential provides property management services such as collecting monthly condominium fees and maintenance services; and FirstService Brands offers a wide variety of property management services through several franchised businesses, including Paul Davis Restoration and CertaPro Painters.
Revenue in the three months ended December 31, 2022, rose 19.0%, to $1.02 billion from $856.9 million a year earlier (all amounts except share price and market cap in U.S....
Revenue in the three months ended December 31, 2022, rose 19.0%, to $1.02 billion from $856.9 million a year earlier (all amounts except share price and market cap in U.S....
BANK OF MONTREAL, $132.29, Toronto symbol BMO, remains a buy.
This week, U.S. banking regulators approved the bank’s acquisition of California-based Bank of the West from France’s BNP Paribas.
Bank of the West provides a variety of retail and commercial banking services to over 1.8 million customers through 514 branches in 24 states, mainly in the Western and Midwestern regions of the U.S....
This week, U.S. banking regulators approved the bank’s acquisition of California-based Bank of the West from France’s BNP Paribas.
Bank of the West provides a variety of retail and commercial banking services to over 1.8 million customers through 514 branches in 24 states, mainly in the Western and Midwestern regions of the U.S....
IMPERIAL OIL LTD., $65.26, Toronto symbol IMO, is a buy.
This company gets about 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 plans to spend $1.7 billion on capital upgrades and exploration in 2023....
This company gets about 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 plans to spend $1.7 billion on capital upgrades and exploration in 2023....
These top providers of real estate services continue to rebound from their 2020 lows as businesses and individuals adjust their properties for post-pandemic uses. We like the outlook for both, particularly as their strong market position and brands make it easier for them to pass along higher labour and other costs to their clients.
FIRSTSERVICE CORP....
FIRSTSERVICE CORP....
TRANSCONTINENTAL INC. $16 is still a buy for aggressive investors. The company (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 86.9 million; Market cap: $1.4 billion; Price-to-sales ratio: 0.5; Dividend yield: 5.6%; TSINetwork Rating: Average; www.tctranscontinental.com) is Canada’s leading commercial printer....
ANDREW PELLER LTD. (A shares) is still a buy. The company (Toronto symbols ADW.A $7.33 and ADW.B $9.64; Income Portfolio, Consumer sector; Shares o/s: 43.1 million; Market cap: $315.9 million; Price-to-sales ratio: 0.9; Dividend yield: 3.4%; www.andrewpeller.com) is Canada’s second-largest wine producer after Arterra Wines.
In its fiscal 2022 third quarter, ended December 31, 2021, sales fell 6.8%, to $103.5 million from $111.1 million a year earlier....
In its fiscal 2022 third quarter, ended December 31, 2021, sales fell 6.8%, to $103.5 million from $111.1 million a year earlier....
TC ENERGY INC., $66.81, Toronto symbol TRP, remains a buy for long-term gains and income.
TC generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....
TC generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....
SUNCOR ENERGY INC., $34.08, Toronto symbol SU, remains a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
Recent accidents at the Syncrude and Firebag oil sands projects cut the company’s oil production by 195,000 barrels per day in December 2021....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
Recent accidents at the Syncrude and Firebag oil sands projects cut the company’s oil production by 195,000 barrels per day in December 2021....