Stock Pickers Digest, in its November, 2015, issue, says hold FirstService Corp., recently $43.10. Stock Pickers said buy 19 times from June, 1998, to December, 2010, at prices ranging from $11.16 to $36 (the stock split 2 for 1 on Dec. 13, 2004). Assuming an investment of $1,000 for each of the 19 buys, the $19,000 position would now be worth $56,116. Following the spinoff of Colliers International, FirstService is continuing with its residential property management and property improvement operations. In the quarter ended June 30, 2015, the company's revenues increased to $326.3-million (U.S.) from $292.2-million (U.S.) a year earlier. Excluding one-time items, earnings per share increased to 40 U.S. cents in the second quarter of 2015 from 29 U.S. cents in the same period last year. The spinoff adds to FirstService's appeal. Based on the newsletter's experience, both the parent and spinoff generally do better than comparable firms for at least several years after they split. FirstService's outlook remains strong, but the stock trades at a high 27.3 times the $1.20 (U.S.) a share the company is expected to earn in 2015. Keep holding FirstService for now.
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