Investment Q&A

Q: Good morning,
Since Firstservice is no longer in a 5i portfolio and it seems to be in an incessant downward trend would you endorse a switch to Element Financial. Still have 33% gain in FSV and am tempted to exit & switch to EFN? bThanks for your ongoing excellent service.

Q: Peter,
Any additional insight into FirstService's trading over the last month? Had a big run into mid-April but then has corrected about 15% from the high. Possibly investors looking to exit before the split into 2 separate entities in June?
Thanks.

Q: I hold First Service Corp (FSV) in a registered account and it has grown to a full (5%) position in my total portfolio. I anticipate reducing my holding post company split. The stock price continues to march higher. At this time do you think it is under valued,fully valued or overvalued based on the anticipated results of the successor companies over the next 12 months? Which of the two successor companies do you prefer, Colliers or the (new) First Service Corp going forward and why?
Thanks, Tim.

Q: Hello Peter,
on the lines of FSV, with the similar positive traits that are liked at 5i, can you please provide some other names that would provide US exposure with cdn dollars. Thanks and keep up the good work.

Q: Good morning team, Would you recommend buying a position in FSV today?

Thank you!

Q: What do you think of today's news. I have a medium sized position, should I add more after the dust settles?

TIA

Q: Hi Peter and Staff, I wish I had bought the stock a year ago....I am confused as to its P/E and its remaining growth potential. Your help is appreciated,I know you are high on it
Dennis

Q: Hi 5i team,

FSV has been a bit of a laggard over the past six months. For pure growth potential would you recommend holding onto FSV? As my goal is growth I was thinking about switching my position in FSV for equal positions (half positions) in Kelso and Exco. Thoughts on this move?

Much appreciated as always and all the best over the holiday break to the entire team!

Jon

Q: Hello team - I see that FSV also trades in New York. Does their dividend payout get favourable tax treatment here in Canada? Is FSV a good buy now? It appears expensive.

Q: Do you have any additional follow up comments on First Service Corp earnings today? The market didn't seem as positive on the results. Thanks.

Q: It looks like First Service results were strong. Could I have your opinion. Thanks.

Q: Hello, I sold Enercare at $13.45 for a 30 % profit. I am wondering if I should by this stock back if it dips or if it would be better to purchase First Service at its current price.
Thank you Alan

Q: Hi 5i team,

I currently own Black Diamond Group and I am looking to switch into First Service Corp. For a 2-3 year time frame, without considering sector diversification, would you see more upside potential with First Service or Black Diamond Group? Both are in very different industries and are both in your model portfolio, with similar ratings, B and B+ respectively. First Service seems to have stock momentum at the moment whereas Black Diamond has been on a downtrend.

Any thoughts would be much appreciated.

Regards,

Q: synbol: FSV
Hi Peter & Team,
First Service Corp reported very good result, I got small postion of it, what do you think of it's future growth. I am thinking to add some position, should I do it now or wait until it pulls back a bit.
Thank you,
Pui

Q: Hi Peter and team, this question is regarding the article you wrote on concentration. I have a high concentration of XTC (bought at 3.30) and FSV (bought at 33.60), respectively about 15 and 20 percent of the portfolio. I am quite happy with the results, and am of two minds on whether to continue holding or take profits.

I don't feel that either company has a dominant market position even though they are both growing nicely. Is it reasonable to hold XTC looking for a 5 bagger and FSV looking for a 2-3 bagger? I have already taken some profits on both, but am wishing I had let my winners run further. I have probably a 25 year time horizon minimum before I draw down on my portfolio. You have mentioned some other high growth names that are appealing, and I am considering allocating profits to those names. Any thoughts?

Q: FSV reports on Tuesday. Can you give me your thoughts on this company.

Thank you
Craig

Q: I notice that last year, FSV's (First Service Corp) Q1 was the weakest quarter of the year. It looks to be the same for 2014, with a current projection for Q1 2014 of 13 cents a share but increasing substantially thereafter. What is the reason for this and what are your expectations for the Q1 earnings that will be reported later this month?

Q: Peter, I have a niece that I'm gifting 30K to. She's like to put this money into a TFSA as she currently doesn't have a TFSA account. I was going to advise her to pick 6 equities from your model portfolio in different sectors. Would you agree with this strategy and if not what would your recommendations be?

Q: Hi,

I have been on the investment sidelines for the last few years. Looking for a recommendation of 3-4 companies from your model portfolio list of companies that you perceive as well positioned for growth in 2014. Thanks

Q: Hi Peter
Re Fsv.
I am looking to replace my DI.UN.... It has done so so this year . It is showing some life . I was thinking about replacing it with FSV...would you consider this a good move? It is in my TFSA .. I would like a more aggressive mover

Candi