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Constellation Software Inc. (CSU $2,434.02)
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Topicus.com Inc. (TOI $94.72)
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Lumine Group Inc. (LMN $20.00)
Q: I don't think I've ever started a question with an apology, but sorry I'm bringing up these companies again.
I've read your Q & A's BUT I feel with the constant and dramatic fall of all 3 of these companies during a tech boom for tech stocks something else is amiss.
CSY -21% YTD (back to 2023 levels)
LMN -18% YTD (back to 2023 levels)
TOI -17% YTD (back to 2024 levels)
I could go on with
DSG-10% YTD
KXS-16% YTD
What is this telling you?
Should we not be buying CDN tech stocks. When looking for tech and healthcare just buy US?
If we hold these and are still positive should we just sell to prevent a loss?
Not sure what to do here. Waiting is soooo painful.
Thanks
Sheldon
I've read your Q & A's BUT I feel with the constant and dramatic fall of all 3 of these companies during a tech boom for tech stocks something else is amiss.
CSY -21% YTD (back to 2023 levels)
LMN -18% YTD (back to 2023 levels)
TOI -17% YTD (back to 2024 levels)
I could go on with
DSG-10% YTD
KXS-16% YTD
What is this telling you?
Should we not be buying CDN tech stocks. When looking for tech and healthcare just buy US?
If we hold these and are still positive should we just sell to prevent a loss?
Not sure what to do here. Waiting is soooo painful.
Thanks
Sheldon
5i Research Answer:
It's not just Canadian tech. US software (outside of the mega caps) has had a similarly tough...