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Constellation Software Inc. (CSU $4,914.46)
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Topicus.com Inc. (TOI $193.87)
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Lumine Group Inc. (LMN $52.22)
Q: Topicus and Lumine shares are hitting all time highs, which is Awesome !!!
But, at the same time, the parent Constellation Software stock has been struggling to break back above $5,000 level and still trading well below its high of $5,332, reached in May, this year. CSU shares seemed to have lost momentum, right after its last earnings release and have n't recovered, since.
What has caused the recent sluggish pattern with CSU ? Do you consider this trend, simply short term ? Are there any near term catalysts ?
Also, curious, what percentage of Constellation's market cap comprises of its ownership in TOI and LMN ( present and any future conversions ) ?
Ignoring any personal advice, would you be comfortable and consider an ownership of CSU,TOI and LMN at 10%, 4% and 4% levels, respectively, as a decent mix, in a Balanced Portfolio with a Growth bias ?
Thank You
But, at the same time, the parent Constellation Software stock has been struggling to break back above $5,000 level and still trading well below its high of $5,332, reached in May, this year. CSU shares seemed to have lost momentum, right after its last earnings release and have n't recovered, since.
What has caused the recent sluggish pattern with CSU ? Do you consider this trend, simply short term ? Are there any near term catalysts ?
Also, curious, what percentage of Constellation's market cap comprises of its ownership in TOI and LMN ( present and any future conversions ) ?
Ignoring any personal advice, would you be comfortable and consider an ownership of CSU,TOI and LMN at 10%, 4% and 4% levels, respectively, as a decent mix, in a Balanced Portfolio with a Growth bias ?
Thank You
5i Research Answer:
We would quite comfortable at the proposed weights. CSU is $104B market cap. Its TOI holding is worth about $8B. LMN is worth also approx. $8B to CSU. CSU has had no negative news and is up 10% YTD, and we would not view its trading as particularly noteworthy one way or another.