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Constellation Software Inc. (CSU $2,781.11)
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Topicus.com Inc. (TOI $111.20)
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Lumine Group Inc. (LMN $24.59)
Q: Please forgive another question about this suffering stock price. I just came across an old note that said CSU has 8 billion ownership of LMN and 8 billion ownership of TOI.
If those two stocks are also suffering, does that create a drag on CSU stock irrespective of its own earnings? Thanks for trying to reassure us all who are down so much on this one!
If those two stocks are also suffering, does that create a drag on CSU stock irrespective of its own earnings? Thanks for trying to reassure us all who are down so much on this one!
5i Research Answer:
CSU owns 61% of LMN and 50% of TOI. Certainly, as those stocks decline there is a corresponding hit to value of CSU. Combined, CSU's interests represent about $8B of its $59B market value.