Thanks
Keep in mind the initial positions in TOI and LMN were 'free' spin off shares from the initial CSU position. Yes, it is a big weighting. But, based on how CSU has executed over the past 16 years we are completely comfortable here. CSU has likely been the single best managed company in Canada over the past two decades. It does not issue stock and has the same number of shares as in 2006 even though it has seen stunning growth. It does not waste money on promotion. It buys companies, and improves cash flow, and then repeats the process. TOI/LMN may not be the 'same' over time, but so far each has done very well already, and we expect them both to largely follow the same pattern. Nothing is risk-free, and any of them could 'screw up' but we have confidence, and we would rather ride our winners than 'predict' a problem that might not actually occur. We will keep an eye on position size and it is not likely to rise further, but for now we would consider each to be one of the best 'sleep at night' stocks, within of course the context of overall market risks.