
TSE:FSV
This summary was created by AI, based on 10 opinions in the last 12 months.
Firstservice Corp (FSV-T) is recognized by analysts for its growth strategy primarily focused on acquisitions, with many noting its strong presence in the property management sector. The company is deemed a solid performer and a good long-term hold, though it's mentioned that the lack of significant storms has affected its property restoration business. Analysts point out that while valuations for acquisitions have been high, the current price level presents a favorable entry point for potential investors. The stock has historically traded at high valuations, but the recent decline may provide an attractive opportunity for long-term investors seeking growth in a fragmented industry. Investors appreciate the disciplined approach to M&A and the company's potential for organic growth, although some prefer other stocks in similar sectors.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenues beat expectations by 7% and earnings per share by 33%. Year over year, revenues rose 10%, which is impressive considering today’s world. The outlook will improve with the economy. A solid investment. Unlock Premium - Try 5i Free
A unique Canadian company. Disciplined management makes good acquisitions, but the stock fell on their last earnings report with higher labor costs (that they passed onto their customers). They also do property management--there's room to grow in this space, because there remains lots of mom-and-pop businesses to buy. Their contracts are like annuities, renewed each year. FSV had issues with execution, but he's confident they'll sort this out. FSV manages a lot of gated communities in the US and apartment buildings.
It looks like it's broken out and could go up to $130. He would look into it more on the fundamental side though. Sometimes, companies finds a footing and then loses it, like Blackberry. He would personally stay away from it.