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Stock impact report

5 steps investors should never ignore when picking great businesses: Jon Erlichman [BNN Bloomberg (Canada)]

FirstService Corporation - Common Shares (FSV) 
Last firstservice corporation - common shares earnings: 4/23 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: nasdaq.com/symbol/fsv/historical
Company Research Source: BNN Bloomberg
A landmark study by Hendrik Bessembinder at Arizona State University found that just four per cent of U.S. stocks accounted for the majority of net wealth creation between 1926 and 2016. In other words, most stocks did not meaningfully outperform Treasury bills. A small minority created enormous value. In the latest episode of Ticker Take on YouTube , I spoke with investor Paul Harris of Harris Douglas Asset Management about how he tries to find that small minority. His approach is built around five financial metrics he believes investors should never ignore. They are: Gross margin Operating margin Return on invested capital Free cash flow Interest coverage ratio Each metric tells part of the story. Together, Harris says, they reveal whether a company has pricing power, operational discipline, efficient capital allocation, durable cash generation, and a balance sheet strong enough to withstand downturns. And he's not just looking for companies that score well today Show less Read more
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