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Constellation Software Inc. (CSU $2,464.54)
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $146.28)
Q: Shop getting crushed , now sub $145cdn and CSU treading towards 52 low is it time to back up the truck and load up? 10 year hold.
5i Research Answer:
This is not the first time SHOP has dropped on earnings. It is spending for the future, but business remaind robust (comments posted). We would be comfortable buying. We would continue to see CSU as an accumulate. Sentiment may take some time to change but we do think it is attractive.