Review of Topicus.com

MAR 26, 2024 - Topicus.com (TOI) is a spinout of fellow Canadian software company Constellation Software (CSU). TOI manages and builds vertical market software (“VMS”) businesses.
Being a spinout of CSU, TOI has adopted a similar blueprint of growth through acquisitions, and the parent company’s influence is one of the major factors that attract us. Momentum continued to build in 2023 which was another good year for TOI, and we are maintaining our rating of an A-.

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Q: Good afternoon all;

I currently own LMN and KXS in equal sized positions in TFSA's. I consider these my higher growth oriented emerging technology investments. I've held LMN since $30 and traded in and out of KXS between $100 and $200 since 2019.

My question is whether future investment gains would be better served trading out of KXS (which has performed historically but become frustrating and seems a laggard recently) and into Topicus (which seems a bit opaque).

Thanks as always,

Dave

Read Answer Asked by Dave on April 22, 2024

Q: The BE portfolio seems to have around 14% in these three related stocks. Can you please comment on why you are comfortable not seeing these as an overly concentrated bet for a balanced portfolio?

Thanks

Read Answer Asked by Chris on April 19, 2024

Q: In watching BNN the other night, in talking about Constellation Software, Brian Madden mentioned that his fund has recently bought into what they view as a US based equivalent company. Unfortunately, much to my disappointment, he didn't mention who the company was. This did get me to wondering what (if any), US based companies you would recommend that are Constellation Software like and would he have perhaps have been referring to LMN?
Thank you again for the fabulous service!
Mike

Read Answer Asked by Mike on April 15, 2024