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TSE:FSV
This summary was created by AI, based on 9 opinions in the last 12 months.
Firstservice Corp (FSV-T) is recognized for its stability in earnings and strong acquisition strategy, specifically in the fragmented property management industry. Analysts note its solid growth through bolt-on acquisitions, particularly in the US market, which presents ample opportunities. While the company's valuation has been deemed relatively high, many experts lean towards a 'Buy' recommendation for long-term investors, advocating for gradual accumulation of shares. However, there is acknowledgment of resistance levels and a current downward trend, prompting some analysts to recommend waiting for a price drop before initiating a position. Overall, Firstservice is viewed as a well-managed company with a good long-term outlook, despite concerns about valuation and market conditions.
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.