Topic: How To Invest

Power Growth Investor Hotline – Friday, October 25, 2019

Article Excerpt

FIRSTSERVICE CORP., $115.89, is a buy. The company, symbol FSV on Toronto, set up its commercial real estate business, Colliers International Group, as a separate firm on June 2, 2015. With the spinoff completed, FirstService has carried on with its residential property management and its commercial and residential property improvement services. In the three months ended September 30, 2019, the company’s revenue jumped 32.7%, to $672.3 million from $506.4 million a year earlier (all figures except share price in U.S. dollars). Acquisitions were the main reason for the big increase. Excluding one-time items, earnings per share for the quarter rose 3.4%, to $0.92 from $0.89 a year earlier. In April 2019, FirstService handed investors an 11.1% increase in their quarterly dividends. Those payments rose to $0.15 U.S. a share from $0.135 U.S. The new annual rate of $0.60 U.S. yields 0.7%. FirstService trades at a somewhat high 24.4 times the $3.63 U.S. a share that the company will likely earn in 2020. However, its…

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