Updating your Aggressive stocks: FirstService, Nutrien &, Toromont Industries

Article Excerpt

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. It cuts the risk of this strategy by focusing on smaller businesses that expand its market share. For example, the company recently paid an undisclosed sum for Toronto-based Crossbridge Condominium Services Ltd. This firm manages 450 condominium properties in 25 cities in Ontario. FirstService is a buy. NUTRIEN LTD. $97 (www.nutrien.com) is a buy. The company is the world’s largest producer of agricultural fertilizers. In 2023, Nutrien expects global demand for potash to be between 63 million and 67 million tonnes, down from the historical trend of 70 million tonnes. Still, Nutrien projects that it will ship between 13.8 million tonnes and 14.6 million tonnes this year. It expects to reach a capacity of 18 million tonnes annually by 2026. Nutrien is a buy. TOROMONT INDUSTRIES LTD. $106 (www.toromont.com) is a buy. The company distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada and along…