Billionaire Prem Watsa’s Top 15 Long-Term Stock Picks

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12. Colliers International Group Inc. (NASDAQ:CIGI)

Number of Hedge Fund Holders: 18 

Fairfax Financial Holdings’ Stake: $3.8 million 

Colliers International Group Inc. (NASDAQ:CIGI) is a real estate brokerage professional services and investment management company. This company presents a strong investment case based on the following factors. Firstly, as per the report of the third quarter of 2024, revenues reported were $1.18 billion, showing an increase of 12% and Adjusted EBITDA was $154.6 million, increasing up 7% as compared to the prior-year quarter. Additionally, Adjusted EPS was $1.32, showing an 11% increase from $1.19 in the prior year quarter. The GAAP diluted net earnings per share were $0.73, up 38% from $0.53 in the prior year quarter. These metrics reflect strong operational performance with improved efficiency and profitability. This growth indicates that the company is executing well in the market and improving its financial position year-over-year. Secondly, the company has announced the expansion and extension of its unsecured multi-currency revolving credit facility for a new five-year term, maturing in November 2029. The updated Credit Facility replaces the previous agreement, which was set to mature in May 2027, and increases borrowing capacity to $2.25 billion from $1.75 billion. Moreover, the company has released its 2025 Global Investor Outlook, revealing renewed investor optimism and confidence that the commercial property market has moved past an inflexion point following two years of muted transactions.

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