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Firstservice Corp T.FSV

Alternate Symbol(s):  FSV

FirstService Corporation is a provider of residential property management and other essential property services to residential and commercial customers. Its segments include FirstService Residential and FirstService Brands. FirstService Residential is a full-service property manager and in many markets provides a full range of ancillary services primarily in the areas: on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel; proprietary banking and insurance products, and energy conservation and management solutions. FirstService Brands provides a range of essential property services to residential and commercial customers in North America through its own locations and franchise networks. Its principal brands include First Onsite Property Restoration, Paul Davis Restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, and Pillar to Post Home Inspectors.


TSX:FSV - Post by User

Firstservice Corp
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Post by brianpearton Feb 19, 2015 7:22pm
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Post# 23445979

First Service

First Service
Andrea Horan said Agilith had owned First Service for seven years.  Stock jumped $7.00 after anouncement soI think it is too expensive.  It appears both companies - real estate and residential real estate services will have great revenues.  Below is first pragraph of news release

Global revenue up 18% and Adjusted EPS up 28% for the year

Colliers International revenue up 24% and Adjusted EBITDA up 38% for 2014

Announces plan to separate into two independent public companies: Colliers International and FirstService Corporation. 
Further into the NR it says:
FirstService Corporation will be comprised of the FirstService Residential and FirstService Brands divisions.  The spin-off transaction is planned as a tax-free distribution to shareholders and is expected to be completed in the second quarter of 2015."

I'm not sure but isounds good to me. 


 



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