FirstService: Excellent Growth Story Currently On Sale

Ian BezekInvesting Group LeaderFollow5ShareSavePlay(9min)CommentsSummaryFirstService offers a durable, recurring revenue model across residential management and property services.FSV's M&A-driven growth platform, with modest market share in vast addressable markets, positions it for continued bolt-on acquisitions and long-term revenue expansion.There is short-term operational softness in key markets and macro headwinds, but these factors should be temporary.I expect at least 10% annualized EBITDA and dividend growth, making the current sell-off an attractive entry point.Looking for a helping hand in the market? Members of Ian's Insider Corner get exclusive ideas and guidance to navigate any climate. Learn More » Kirpal Kooner/iStock via Getty Images FirstService Corp. (NYSE:FSV) (FSV:CA) is a Canada-based leader in the residential property management space. It operates via two divisions, FirstService Residential and FirstService Brands, with residential accounting for 42% of revenues and brands makingThis article was written byIan Bezek23.53K FollowersFollowIan Bezek is a former hedge fund analyst at Kerrisdale Capital. He has spent the decade living in Latin America, doing the boots-on-the ground research for investors interested in markets such as Mexico, Colombia, and Chile. He also specializes in high-quality compounders and growth stocks at reasonable prices in the US and other developed markets. Ian leads the investing group Ian's Insider Corner. Features of the group include: the Weekend Digest which covers everything from new ideas to updates on current holdings and macro analysis, trade alerts, an active chat room, and direct access to Ian. Learn More.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.