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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Peter, my two real estate companies in my portfolio are CIG and FSV and I want to rebalance down to 10 or 12%. I have read your recent comments about these companies and would like your opinion as to what two or three real estate companies you would use in a balanced portfolio. I am thinking of selling both and buying some stocks with more upside.

Thanks, Stephen
Read Answer Asked by stephen on October 29, 2015
Q: Hi,
I purchased FSV on June 1 and I wasn't completely sure whether I purchased the pre-split entity or the post-split entity as Colliers has not shown up in my portfolio. Yesterday, it showed a loss of about 60% (another member commented on this drop) and a price of approximately $20. Today, my price on BMOInvestorline is showing about $80 but the TSX is showing it today at about $34. I called BMO and they said I had indeed purchased it pre-split and that Colliers would appear in a few weeks (which I thought was odd).

Do you have any thoughts on the above? Are there more than one FSV trading now? Are any other members facing a similar situation?

Thanks,
Read Answer Asked by Robert on June 04, 2015
Q: Hello Peter & Co,
I'm hanging on to FSV for a while longer until I decide what to do (keep FSV, keep CIG, keep both, sell both. A cursory comparison between the 2 divisions indicate that Colliers was more profitable in 2014 with EBITDA to Revenue ratio of 9.8% vs 7.5% for FSV; a hardly sufficient basis of comparison.
What intrigues me is your rational for shedding the old FSV a couple of months ago.
You're suggesting to hang on for a while longer; but how will one decide what to do next?
Thanks,
Antoine
Read Answer Asked by Antoine on June 03, 2015
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.
Read Answer Asked by tim on April 06, 2015
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
Read Answer Asked by Jonathan on December 22, 2014
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