Review of FirstService Corp

Q: I have been following this stock for several years and admit the chart looks nice , but find it extremely difficult to buy, especially with a
P/ E ratio of 50 in these difficult times.

Is this stock “ cheap “ on a historical basis ? Why is it so strong and what would make its strengths
weaken ? Is PE x50 justified ? Thanks. Derek

Q: Hi - for the above companies, how would you expect them to perform in a recession? Do you expect them to have positive alpha? If not these, could you list a few companies that you would be inclined to buy heading into a recession? (ignoring factors like diversification, personal risk etc etc.).

Q: What small to mid cap companies can you recommend that have been beaten up due to market conditions but have a high chance of success long term? Looking at a potential entry point this year with the prospect of beating out the returns of larger cap names that may be in a similar situation. Could you also give a brief thought on the risk/reward of this approach as well. Thanks very much.