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TSE:AIF

Altus Group (AIF.TO)

44.51
+0.06 (0.13%)
as of Jun 19, 2026, 8:00:01 pm Market Open.
32 watching
0
SELL

Good company. Stock had a good run. At this point, it is too expensive to invest in. If he owned, he would consider selling and moving on to other opportunities.

TOP PICK

New management team came in about a year ago and effects are just starting to be seen. Cut some of their lower margin business and concentrated on the higher margin areas. Over the last quarter, the 2 highest margin areas are the ones that have been increasing revenues much higher than everybody else in that portion of their business. Thinks the street still doesn’t know the story. 4.2% dividend.

SELL
Got super bombed out with tax loss selling at the end of the year. This one got ridiculously oversold. This company is in disarray. There are senior people coming and going. You don't really know what you've got a year or 2 down the road.
PAST TOP PICK
(A Top Pick Oct 4/10. Down 72%.) Got out of this one reasonably well at $11.85. A bad pick.
DON'T BUY
Thinks there is a lot of disarray in the company right now. Cut their dividends earlier in the year.
DON'T BUY
Real estate advisory and have a small survey business in western Canada. Q1 was disappointing. Would be concerned unless they could deliver stronger fundamental results.
SELL ON STRENGTH
(A Top Pick Mar 23/10.) Got this one wrong. Not convinced with management. A lot of people leaving the company. Has no faith that they will be able to execute their strategy going forward. Recently cut dividends.
PAST TOP PICK
(Top Pick Mar 23/10, Down 29.34%) Doesn’t own companies with two pad quarters in a row. Problem was execution by management. They cut their dividend severely a few weeks ago.
HOLD
Missed on its 3rd quarter so the stock sold off. Had bottomed 2 or 3 quarters ago and felt earnings should be in ascendancy right now. Not going lower but also not rising materially either. Still a “show me “ story. Sold some of his holdings.
BUY
Real estate advisory with tax appraisals, surveys (in western Canada) .Had a weak Q3. Have some hidden assets that they may spin off. Well managed. Good Buy for a 3 to 5 year time horizon.
TOP PICK
Provide broad basket of real estate services globally. About 8% yield. Expecting strong guidance going into 2011.
TOP PICK
Professional services in real estate area, which is at a cyclical low. 9% dividend.
WATCH
Very good management team. Big swing factor for them is the decreased activity in real estate, particularly commercial. Starting to see signs that commercial real estate developers are trying to spend more money. Expect they will do quite well in the longer run on the rebound. Doesn't think yield of 16% will be cut but there is the potential. Quarterly results are due August 11 so see what they say about coming quarters.
BUY
Value and administers properties. Distribution is safe into 2011.
COMMENT
Real estate consulting including tax work and appraisals. Key driver going forward will be as countries, including Canada, adopt the international financial accounting standards. Real estate will have to have annual appraisals and this is one of the big appraisers. Has grown rapidly through acquisitions. Prices getting to a level where it is more attractive.
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