Q: Water cooler talk at my son in law’s employment at one of the Mag 7 companies was strongly in favour of the notion that CSU’s price decline is largely due to a drying up of companies for them to buy. Do you attach much, if any, credibility to this thesis?
Appreciate your insight.
Paul F.
Appreciate your insight.
Paul F.
5i Research Answer:
Not fully; in multiple comments over the past year, CSU management has indicated that there remains 'thousands' of acquisition opportunities for the company. That being said, its acquisition pace has slowed a bit in the past year, and valuations may have become less attractive than when these comments were made.