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  5. CSU: Hi team, I own LMN and TOI but not CSU. [Constellation Software Inc.]
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Investment Q&A

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Q: Hi team,
I own LMN and TOI but not CSU. With the recent weakness in the group would you see it a better move to sell both LMN and TOI to consolidate into the larger CSU? Or would you continue to view LMN/TOI as having more long term upside compared to CSU due to their smaller size and still safe to hold the smaller spin offs? I won't need the funds for a decade or so at least.

Thanks,
Shane.
Asked by Shane on November 11, 2025
5i Research Answer:

It is a tough prediction, but we would continue to see the smaller entities as having more upside, longer term, from current levels.