Review of Altus Group Limited

JUL 16, 2024 - The economics of AIF’s solutions are largely unchanged, as the company continues to execute its growth playbook through acquisitions. We think the weakness in revenue growth was driven by macro factors due to the slowdown in the real estate market rather than fundamental related issues. We remain positive about AIF’s prospects in the near term, however, due to the fact that the recovery of the real estate market remains highly uncertain, we are opting to remain conservative by maintaining our rating at a ‘B’.

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Q: I am thinking of starting a position in ATD, given its current weakness, as I am underweight consumer discretionary. As usual it is also difficult to know what to sell, but I am thinking of selling one or two of my small cap technology stocks, namely AIF and SYZ. Selling one would give me a half position in ATD and selling both would give me a full position. There are no capital gains implications as the stocks are in my TFSA. With regard to quality of the companies and their growth prospects, would you advise me to make this trade? If so, which of AIF and SYZ would you sell or would you sell both?

Read Answer Asked by David on October 28, 2024

Q: Your comments please on recent M&A announcement to sell its global property tax business for $700M.

Do you like the sector right now? Please rank AIF, CIGI, APPF, CBRE in order of preference. Thanks!

Read Answer Asked by Adam on July 30, 2024

Q: You recently said that trimming the weeds in a portfolio is something to believe in. Is SYZ a weed? I have held this stock for more than ten years and 5i's coverage of it was one of the reasons for my original subscription. I like the unique sector SYZ operates in and its growth potential, but I am losing patience and wondering if it is time to move on. If I sold SYZ I would add to my other Canadian software holdings, namely OTEX, ENGH, TCS and AIF, but I hesitate because SYZ provides diversification and may yet turn around. As always, I welcome your insight.

Read Answer Asked by David on May 14, 2024