Company Overview - FirstService Corporation (NASDAQ:FSV) is a leading provider of essential property services to residential and commercial customers in North America [3] - The company has a market capitalization of $7.182 billion [2] Financial Performance - In Q4 2025, FirstService Corporation's stock closed at $156.86 per share, with a one-month return of -1.90% and a 52-week loss of 10.27% [2] - The company reported third-quarter revenues that fell short of consensus expectations, although it met earnings per share estimates [3] Investment Sentiment - FirstService Corporation was held by 25 hedge fund portfolios at the end of Q3 2025, a decrease from 27 in the previous quarter [4] - Despite acknowledging the potential of FirstService Corporation as an investment, the company is viewed as having less upside compared to certain AI stocks [4]

FirstService Corporation (NASDAQ:FSV) is included in our list of Real Estate Investing for Beginners: 10 Best Stocks to Buy. TD Securities Raises its Price Target on FirstService Corporation (FSV) to $217 and Maintains a Buy Rating On February 5, 2026, TD Securities raised its price target on FirstService Corporation (NASDAQ:FSV) to $217 from $211 previously and maintained a Buy rating. The firm said fourth-quarter results should ease investor concerns tied to roofing and restoration headwinds and descri ...

Some voluntary and a few involuntary all primarily due to pricing. These cancellations will impact our revenue, but have little impact on profitability. We expect to be at the bottom end of our mid-single-digit range at 3% or 4% for Q1. This is unrelated to our core community management business which we believe will carry the division to mid-single-digit organic growth for the year. Moving on to FirstService Brands. Revenues for the quarter were down 3% in aggregate, and 7% organically, with organic growth ...

Group 1 - The Alger Weatherbie Specialized Fund focuses on investing in a portfolio of 50 small and mid-cap companies with promising growth potential [1] - The US equity market ended Q4 2025 positively, with the S&P 500 increasing by 2.7%, driven by better-than-expected corporate earnings and a supportive macroeconomic environment [1] - The Fund's Class A shares underperformed the Russell 2500 Growth Index in Q4 2025, with Real Estate and Consumer Staples contributing positively while Information Technology and Health Care sectors detracted from performance [1] Group 2 - FirstService Corporation (NASDAQ:FSV) is highlighted as a key stock in the Fund's portfolio, providing residential property management and other essential property services [2] - As of January 16, 2026, FirstService Corporation's stock closed at $162.23, with a one-month return of 6.04% but a 52-week loss of 11.04% [2] - The company operates through two segments: FirstService Residential and FirstService Brands, with recent performance impacted by weakness in the cyclical Brands businesses, particularly in restoration and roofing [3]

Fenimore Asset Management, an investment management company, released its Q4 2025 investor letter. A copy of the same can be downloaded here. The stock market was solid in 2025 but volatile. While investors balanced AI enthusiasm, economic uncertainty, and monetary policy concerns.  The summer rally was driven by AI-related spending and economic resiliency, whereas the fourth quarter saw a more volatile market due to valuation pressures and macro uncertainty. Stocks from the large-cap technology and communi ...

Core Insights - Fenimore Asset Management's Q4 2025 investor letter indicates a solid yet volatile stock market, influenced by AI enthusiasm, economic uncertainty, and monetary policy concerns [1] - The firm anticipates mixed market conditions in 2026, with many AI-related stocks appearing expensive while high-quality companies are trading at multi-year lows, presenting potential investment opportunities [1] Performance Summary - The S&P 500 Index rose by 2.66% in Q4 2025, with large-cap technology and communication services sectors leading the market [1] - Fenimore Small Cap Strategy returned -4.12%, underperforming the Russell 2000 Index, which returned 2.19% [1] - Fenimore Dividend Focus Strategy declined -4.41% compared to the Russell Midcap Index's 0.16% return [1] - Fenimore Value Strategy saw a decline of -1.17% in Q4, also underperforming against the Russell Midcap Index [1] Company-Specific Insights - Dream Finders Homes, Inc. (NYSE:DFH) was identified as a significant performance detractor in the Fenimore Small Cap Strategy [2][3] - As of January 15, 2026, Dream Finders Homes, Inc. had a stock price of $20.30, with a one-month return of 13.41% but a 52-week loss of 15.87% [2] - The company has a market capitalization of $1.88 billion [2] - Challenges in affordability for first-time home buyers have impacted Dream Finders Homes, Inc., despite the company's asset-light approach and skilled management [3]

Core Insights - Fenimore Asset Management's Q4 2025 investor letter indicates a solid yet volatile stock market, influenced by AI enthusiasm, economic uncertainty, and monetary policy concerns [1] - The firm anticipates mixed market conditions in 2026, with many AI-related stocks appearing expensive while high-quality companies are trading at multi-year lows, presenting potential investment opportunities [1] Market Performance - The S&P 500 Index rose by 2.66% in Q4 2025, driven by large-cap technology and communication services stocks [1] - Fenimore Small Cap Strategy returned -4.12%, underperforming the Russell 2000 Index, which returned 2.19% [1] - Fenimore Dividend Focus Strategy declined -4.41% compared to the Russell Midcap Index's 0.16% return [1] - Fenimore Value Strategy also declined -1.17% against the Russell Midcap Index's 0.16% return, with underperformance attributed to investments in the financial and industrial sectors [1] Company Focus: SPS Commerce, Inc. - SPS Commerce, Inc. (NASDAQ:SPSC) was highlighted as a significant performance detractor in the Fenimore Small Cap Strategy [2][3] - As of January 15, 2026, SPS Commerce's stock closed at $91.24, with a one-month return of 0.74% and a 52-week loss of 52.23% [2] - The company has a market capitalization of $3.459 billion [2] - Management's poor acquisition decision has attracted activist attention, although the firm is still viewed as having multiple avenues for value creation [3]

Core Insights - The article compares TPG RE Finance Trust (TRTX) and FirstService (FSV) to determine which stock offers better value for investors [1] Valuation Metrics - TRTX has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook compared to FSV, which has a Zacks Rank of 4 (Sell) [3] - TRTX's forward P/E ratio is 9.04, significantly lower than FSV's forward P/E of 27.33, suggesting TRTX may be undervalued [5] - The PEG ratio for TRTX is 1.95, while FSV's PEG ratio is 2.73, indicating TRTX has a more favorable growth outlook relative to its valuation [5] - TRTX's P/B ratio is 0.66, compared to FSV's P/B of 5.34, further supporting the argument that TRTX is undervalued [6] - TRTX earns a Value grade of B, while FSV receives a Value grade of C, highlighting TRTX's superior valuation metrics [6]

Core Viewpoint - The U.S. Treasury Secretary Scott Bessent is expected to announce new sanctions against Russia, indicating a strong stance from the U.S. government amidst ongoing geopolitical tensions [2] Group 1: Market Impact - Bessent's presence is seen as a stabilizing force for the stock market, with his bullish attitude contributing to a positive market sentiment [3][9] - The stock market has experienced a 15% return since Bessent's confirmation, suggesting that his influence may provide a safety net during market downturns [11] Group 2: Investment Opportunities - The article suggests that stock-focused closed-end funds (CEFs) are currently attractive investments, particularly those trading at discounts, such as the Liberty All-Star Growth Fund (ASG) which offers an 8.5% dividend yield [12][15] - ASG has a strong long-term performance, up 195% over the last decade, and is currently trading at a 9.3% discount to NAV, presenting additional upside potential [14][15]

Core Insights - The real estate sector is experiencing a trend of oversold stocks, presenting potential buying opportunities for undervalued companies [1] - The Relative Strength Index (RSI) is a key indicator used to identify oversold conditions, with a value below 30 indicating potential buying opportunities [1] Company Summaries - **Fermi Inc (NASDAQ:FRMI)**: Priced its IPO at $21 per share, but the stock has fallen approximately 30% in the past five days, with a 52-week low of $18.70. Current RSI is 27.4, and shares closed at $19.84, down 0.3% [5] - **Apartment Investment and Management Co (NYSE:AIV)**: Recently closed the sale of four properties for $490 million and declared a special cash dividend of $2.23 per share. The stock has decreased around 26% over the past month, with a 52-week low of $5.49. Current RSI is 24, and shares closed at $5.69, up 0.4% [5] - **FirstService Corp (NASDAQ:FSV)**: Reported mixed quarterly results, with CEO noting resilient growth despite market challenges. The stock has fallen about 13% in the past month, with a 52-week low of $153.13. Current RSI is 11.3, and shares closed at $166.73, down 9.8% [5]