On Tuesday, the S&P 500 and Toronto both ended the day down very slightly less than 0.1%.
FirstService was up 3.8% to $62.00. I had apparently under-rated it at my last look at it in May. I have long said that I really like the management. It has been a tough company to analyze due to being cyclical and basically my analysis does not seem to work well for this company.
An order I had placed previously to add modestly to my Melcor position was filled today at $25.10. Perhaps I am being reckless adding to my large position but I think the company offers good value. I then placed another order to add a bit more at $24.10 if it goes that low. As a thinly traded stock it can be volatile for that reason alone.
Toll Brothers will report earnings tomorrow Wednesday before the market opens. The expectations are high and the stock will react to the actual results versus the expectations as well as to the outlook.