Paul Harris, CFAFirstservice CorpFSVTOP PICKJul 20, 2018

FSV is now trading at 27.6x times forward P/E. In the 3Q, FSV’s revenue grew 16% to $1.12B (with 10% organic growth), beating estimates of $1.07B and EPS was $1.25, slightly missing estimates of $1.27. The balance sheet is strong, with net debt of $867M and a net debt/EBITDA of 1.9x. The company pays minimal dividends and continues to reinvest heavily through acquisitions. Overall, we think this was a pretty good quarter amid a challenging operating environment, quite consistent with previous trends. We continue to see FSV as a high-quality name in the real estate service field, with solid free cash flow generation, low capex, a strong balance sheet, and a targeted annual growth rate of around 10% going forward; we like the stock.
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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.

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.

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.
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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.

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.

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

Potential to improve margins. Proven, disciplined acquisition strategy. Low CapEx and working capital requirements. Conservative balance sheet. Unlock Premium - Try 5i Free

This focuses on property management for condos and other multifamily units. It also has a brands division, owning California Closets and Paul Davis Restoration. The exciting part is the property management. 95% of all condos are run by themselves, and there is a big opportunity to outsource to companies like this. Feels that in 5 years this could be a double. Dividend yield of 0.7%. (Analysts' price target is $69.)