Colliers International Group Inc T.CIGI

Another View

[retiredcf]

As you may have guessed, after punching out for about 6 months, I jumped back in foloowing these results. GLTA

CIGI reported EPS of $1.31, vs estimates of $1.37. Sales of $1.07B were close to estimates of $1.08B. Revenue fell, but EBITDA beat estimates. The company affirmed guidance, and the stock soared as the results/guidance were not as bad as feared. The outlook was a positive surprise considering industry conditions. 10% plus growth is expected in 2024 and it remains one of our preferred stocks in the sector. (5iResearch)

[Sabatini1]

Interesting that GAAP earnings are a loss of 16 cents versus the reported :"Adjusted earnings" of $1.31, and vs $1.84 in the previous year. This stock has every appearance of being manipulated; currently trading at  a PE of 616, according to TD Waterhouse. Note that Mawer Investments and BMO have sold about 700,000 shares each, and Fidelity has reduced by 200,000 shares. Why would