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FirstService

Buy FirstService stocks

FIRST SERVICE (FSV) Stocks

ABOUT FIRST SERVICE

FirstService Corporation is a Canadian public real estate services company that offers real estate and property services for residential and commercial buildings to customers in Canada the United States.

The company specialises in residential property services and is based in Toronto, Ontario. It is listed on NASDAQ and the Toronto Stock Exchange.

FirstService Corporation was founded in 1989 by Jay S. Hennick from a swimming pool management company formerly owned by Hennick, and the College Pro Franchise system acquired by Hennick in 1989.

In the 1990s it expanded into various other residential service franchises, partly through its subsidiary The Franchise Company that was later renamed to FirstService Brands.

It expanded into the residential property management business since 1996 with the acquisition of more property-management firms.

OVERVIEW OF FIRST SERVICE

  • FirstService Corporation has about:22 000 full time employees. The company operates through two segments, FirstService Residential and FirstService Brands.
  • FirstService Residential provides property management services for private residential communities and various residential developments. It also offers a range of ancillary services like energy management solutions, advisory services and resale processing services.
  • The FirstService Brands segment offers property services through six franchise networks and company-owned locations, including 18 California Closets locations and nine Paul Davis Restoration locations.

VISION AND VALUES OF FIRST SERVICE

  • FirstService Corporation has adopted a philosophy which has guided its growth and helped attract strong management teams with visions for the future success.
  • Specific guiding principles reinforce its culture of measuring, monitoring and rewarding: They believe in equity ownership where partners enjoy a decentralised organisational structure with autonomy over front-line operating decisions, with direct participation in the financial outcomes of decisions.
    Since inception, they have managed the businesses with a primary focus on sustainable organic growth, placing the highest priority on strong client retention.
  • They make ongoing investments in infrastructure, including technology, operating systems and mobile applications, to deliver seamless and highly responsive service to clients.
  • FirstService Corporation adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF FIRST SERVICE

  • FirstService Corporation’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol FSV listed in the Real Estate sector.
  • Highlights of the company’s performance in 2019 include revenues for the third quarter of US Dollar 672.3 million, a 33% increase, adjusted EBITDA that increased to US Dollar 77.1 million, and adjusted EPS of US Dollar 0.92, versus US Dollar 0.89 in the prior year quarter. GAAP operating earnings were US Dollar 49.7 million, versus US Dollar 45.3 million in the prior year period.
  • Due to FirstService Corporation’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy FIRST SERVICE stocks / shares – A Step by Step Guide how to Buy / Purchase FIRST SERVICE Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy FIRST SERVICE Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN FIRST SERVICE STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE FIRST SERVICE STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of FIRST SERVICE stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy FIRST SERVICE stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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