Stockchase Insights Firstservice Corp FSV-Q BUY Oct 27, 2023

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Reliable track record of growth gives comfort. Essential services revenue provides resilience. Premium valuation continues to be justified. Unlock Premium - Try 5i Free

It is another owner operated business and puts good thought into the acquisitions it makes. It is building a national business in restoration which gives it significant more upside.

Does not know what the business does - despite stock recommendation. 
Investment based on technical analysis. 
Very strong resistant point.
Likes the look of chart. 
If stock breaks neck line - will sell.

Service excellence culture drives customer retention, repeat business and word-of-mouth referral and our high single-digit organic growth for the quarter and year-to-date is a reflection of that. 
Total revenues for the quarter were up 13% over the prior year with organic revenue growth at 8%, balanced about evenly between our 2 divisions, EBITDA for the quarter was $95.5 million, up modestly from 2021, reflecting a margin of 9.9% compared to 11.1% in the prior year.
Unlock Premium - Try 5i Free

Unique Canadian company. Low capex. Lots of free cashflow. Growth is organic and by acquisition in a fragmented industry. They acquire cheaply, and this is key. Will continue to outperform over the next several years. Still a chance to buy now.

It is a good company which provides many services such as those used by gated communities. There is still a good market available. Buy and Hold.

Longtime owner of shares in the company. Will continue to own shares - believes company still fairly valued. Recent M&A activity has been executed well. Expecting further growth in business. Good for long term investors. Strong management team. 

FSV has had a rough couple of weeks, but it appears markets or rate related mostly, as there has been no negative company nor sector news. We would be quite comfortable chipping away on the buy side, assuming a decent timeframe of holding. With earnings out, there may not be significant catalysts in the short term, unless FSV makes an acquisition, which is always a possibility.
Unlock Premium - Try 5i Free