Review of Constellation Software Inc
NOV 27, 2020
- Hitting multiple record highs, CSU still has plenty of room to continue doing what they do best: reinvesting free cash
flows to acquire businesses in fragmented niches and enabling them to provide greater value. Rating maintained at ‘A’.
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Eguana Technologies Inc. (EGT)
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Sangoma Technologies Corporation (STC)
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Sylogist Ltd. (SYZ)
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Photon Control Inc. (PHO)
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Bank of Nova Scotia (The) (BNS)
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Constellation Software Inc. (CSU)
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Brookfield Renewable Partners L.P. non-voting limited partnership units (BEP.UN)
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WSP Global Inc. (WSP)
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Stella-Jones Inc. (SJ)
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Enghouse Systems Limited (ENGH)
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Kinaxis Inc. (KXS)
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Knight Therapeutics Inc. (GUD)
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Shopify Inc. Class A Subordinate Voting Shares (SHOP)
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Lithium Americas Corp. (LAC)
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Aritzia Inc. Subordinate Voting Shares (ATZ)
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Real Matters Inc. (REAL)
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Xebec Adsorption Inc. (XBC)
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WELL Health Technologies Corp. (WELL)
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Lightspeed POS Inc. Subordinate Voting Shares (LSPD)
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Boyd Group Services Inc. (BYD)
Q: Thanks for all your excellent work. Having recently moved to the US and opted to convert my young-ish Nova Scotia pension account to an RRSP and a LIRA, I’m looking to invest the ~100k in these accounts. Horizon: at least 5 years, but probably much more (I’m 40). Having narrowed down a tentative list of names (see below – tech-heavy, I realize), and with a focus on growth, I’m hoping to sort out the best buying strategy. Specifically: (1) At this moment, does the conventional wisdom to buy each stock gradually makes sense to you as good rule of thumb (e.g., over the course of a year, for each stock, adding a quarter of the total intended position once every few months or so)? (2) Also: I’d greatly appreciate seeing a ranked list of, say, which five of these stocks you think it would be especially wise to start with (i.e., buy now, or buy more of sooner) and which five you think I should wait to buy. Feel free to dock me for two questions! Thanks a ton, Chris
CSU, SHOP, LSPD, XBC, SYZ, BEP.UN, PHO, KXS, ENGH, WELL, GUD, EGT, SJ, BNS, WSP, STC, ATZ, LAC, BYD, REAL
Q: Thanks for your advice as always.
I am a bit confused on CSU. I thought the share price was to drop on December 23rd on the Topicus dividend/spinout date. I don't see it and thankful. Any thoughts on why or maybe when this could happen? I now have Topicus shares in my TD account but they don't show any value yet (probably not until end of January).
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Costco Wholesale Corporation (COST)
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Alphabet Inc. (GOOG)
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NVIDIA Corporation (NVDA)
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Procter & Gamble Company (The) (PG)
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Constellation Software Inc. (CSU)
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BTC iShares Russell 2000 Growth ETF (IWO)
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Vanguard S&P 500 Index ETF redeemable transferable units (VFV)
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Vanguard Dividend Appreciation FTF (VIG)
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Vanguard Total International Stock (VXUS)
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Brookfield Asset Management Inc. (BAM)
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Berkshire Hathaway Inc. (BRK.B)
Q: I am looking to put my money into 2-5 stocks/Mutual funds.
Investment Horizon is 10 Yrs, i am a high risk taker, looking for High growth.
But, I am not very active in the stockmarket, I want to put my money in 2-5 holdings and then forget about it..... and then sell them after 10-15 years.
Please suggest 2-5 stocks/Mutualfunds etc...
I friend suggested BAM, BRK.B and Mauer Mutual funds.....Please advice