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TSE:FSV
This summary was created by AI, based on 10 opinions in the last 12 months.
Firstservice Corp (FSV-T) has been praised for its solid business model characterized by growth via acquisitions and organic expansion. Analysts note its strong position in the fragmented property management and restoration industry, especially in the U.S., where it has a good track record of acquisition. However, a notable concern is the lack of significant weather events affecting its property restoration business, which has limited immediate growth potential. Despite high valuations and the observation that it trades at a premium, experts suggest that current prices present a good entry point for long-term investors. The consensus leans towards a buy recommendation, especially for those who can average in slowly.
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.