On Wednesday, markets ere basically flat with the S&P 500 down less than 0.1% and Toronto up 0.1%.
FirstService jumped 4.4% to $47.25 after releasing a good earnings report. I have consistently admired the management of this company. However it has been quite lumpy in its earnings over the years and I have not had much success in predicting when to buy or sell this one. For example our last rating was Weak Sell / Hold at $45.52. At the start of each of 2011 and 2012 it was rated Buy and it went nowhere. At the start of 2013 we had it rated it weak Buy and it soared 52%. It is well managed but its earnings have been quite volatile. Perhaps I have been too conservative in outlook when its earnings have been in a trough.
I did pick up a bit more Liquor Stores N.A. today at $12.17 and so await with great interest its Q4 earnings report around March 5 or any earlier information from the company.