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FirstService Corporation: Consider A Bid On This Under-The-Radar Real Estate Powerhouse

Although it is one of the leading global players in real estate services, boasting a portfolio including one of the strongest global brands in Colliers International, FirstService Corporation (FSRV) ("FirstService" or "the Company") remains very much under the radar of many retail investors and brokerage firms. Its analyst coverage is limited to a handful of boutique international firms, and it has no coverage at the national wirehouses. However, what this small-cap industry leader does have is many characteristics that make it a particularly attractive investment in my view; strong insider ownership including a founding CEO who is also major shareholder, a relatively conservative balance sheet, a solid history of revenue and earnings growth, and a valuation which suggests that the...

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