Updating AlarmForce Industries, FirstService Corp. and Good Year Tire & Rubber Co.

Article Excerpt

ALARMFORCE INDUSTRIES $10.75 (Toronto symbol AF; TSINetwork Rating: Extra Risk) (1-800-267-2001; www.alarmforce. com; Shares outstanding: 11.6 million; Market cap: $124.4 million; Dividend yield: 1.7%) sells two-way voice alarm and monitoring services to homeowners in Canada and the U.S. For the latest fiscal year, ended October 31, 2016, the company’s sales rose 2.1%, to $56.4 million from $55.2 million a year earlier. The company lost $509,880, or $0.04 a share, in the latest quarter, compared to a profit of $4.4 million, or $0.38 a share, a year earlier. However, the loss reflected a one-time charge of $5.9 million, or $0.51 a share. That charge included costs related to AlarmForce’s recent review of its financial statements and how it classifies some of its employees. Specifically, its equipment installers. We first recommended AlarmForce at $1.03 a share for our fifth issue of Stock Pickers Digest in October 1998. The company offers a good service, but it faces new competitors in the Canadian market, including Rogers Communications with…