First Service Corp 2

I am continuing the reviewing of this stock (TSX-FSV) from yesterday. This stock is also traded in the US (NASDAQ-RSRV). Looking at the insider buying, insider selling report, I see lots of buying last summer, lots of selling at the end of 2008, and most recently a bit of buying at under $10 per share. The net effect of this buying and selling is that the CEO and the CFO both have slightly less shares and other officers slightly more shares. The net of the past year is a net to insider selling.

As I said yesterday, some the ratios are showing that this stock is at a good price, especially, that the price is under the Graham Price. The Globe and Mail gives this stock 3stars out of a possible 5 stars. There is a discrepancy in what people think of it. There is the odd Sell Rating, Hold Rating and Underperform Rating, however, most are Strong Buy Ratings with a few Buy Ratings. The Consensus rating is a Buy Rating. (See my site for information on analyst ratings.)

If you look at the charts, you will find that this stock has done worse than the TSX and the TSX Real Estate Sub Index, for all periods from YTD to 10 years. This is mainly because of the recent sharp decline in the stock price for this stock. It recently has gone from $15.50 to just under $10. However, you also see in these charts that this stock peaked in Mid 2007 and has basically gone down ever since.

This company is a global diversified leader in the rapidly growing real estate services sector, providing services in the following three areas: commercial real estate, residential property management and property services. This is an international company, having business in North and South America, Europe, Asia, Australia and New Zealand. Its web site is www.firstservice.com. See my spreadsheet on this company at www.spbrunner.com/stocks/fsv.htm.

This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.