Updating your Aggressive stocks: FirstService, Mattr & Toromont

Article Excerpt

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. In 2023, it spent $574.2 million U.S. buying smaller firms. Those new businesses will help lift the company’s revenue in 2024 by 14%. The stock now trades at a high, but still acceptable, 32.2 times the $4.82 U.S. a share that FirstService will probably earn in 2024. FirstService is a buy. MATTR CORP. $18 (www.mattr.com) remains a buy for highly aggressive investors. Formerly called ShawCor Ltd. (old symbol SCL), it makes plastic tanks and industrial products such as electrical cables and sheaths. Mattr now plans to boost its profitability by modernizing and expanding its facilities. These improvements should add $150 million to its annual revenue over the next three to five years (excluding acquisitions); its revenue in 2023 was $925.3 million. Mattr is a buy. TOROMONT INDUSTRIES LTD. $135 (www.toromont.com) is a buy. The company distributes bulldozers, backhoe loaders and…