Topic: How To Invest

Stock Pickers Digest Hotline – Friday, May 24, 2019

Article Excerpt

FIRSTSERVICE CORP., $127.36, symbol FSV on Toronto, offers residential property management and improvement services. Most of its operations are run by franchisees. The company has agreed to buy Global Restoration Holdings LLC, the parent company of Interstate Restoration and FirstOnSite Restoration. They have yet to disclose a purchase price. FirstOnSite Restoration Limited is the leading independent Canadian disaster restoration services provider, offering remediation, restoration and reconstruction services across Canada. In the U.S., it provides large loss and commercial restoration services. With more than 35 locations and 24/7 emergency service, FirstOnSite serves the residential, commercial and industrial sectors. In May 2016, FirstOnSite joined forces with U.S.-based Interstate Restoration. That created the second-largest restoration service network in North America. FirstService has been looking to expand in the disaster restoration industry, and the acquisition of rapidly growing FirstOnSite and Interstate lets it to meet that goal. OUR RECOMMENDATION: FirstService is a hold. FirstService’s recent coverage Hotline for May 10, 2019 Hotline for April 26, 2019 COMPUTER MODELLING GROUP LTD., $7.08,…

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