Constellation Software Inc. (CSU.TO)

Hard-pressed to find any downside. One of the best stocks on the Canadian market. Average rate of return is 34%. May pause, but doesn't look like slowing down. Make sure it stays above a trend line, or apply moving averages and keep holding as long as it stays above the 200-day MA. It's more a buy and hold, not a trade.

Growth appears to be continuing. 
Expecting larger acquisitions going forward.
Inflation not impacting business.
Organic growth and pricing power very strong.
Current share price a good time to buy. 
Excellent management team - very skilled at capital allocation. 

Pretty solid growth name. On a PEG basis, still a favourable name. 

They are the global king of software vertical integration. He expects their growth to continue, even though they are already a massive company. The company is plateauing now. $2,780 is his price target.

Wonderful compounder of capital. Amassing capital through rights offering and spinoffs. Wonderful management team, great balance sheet. Foolish to bet against its history. Yield is 0.19%.

Leader in Canadian infotech. Next expansion phase is underway, confirmed by its breaking out to new all-time highs. Fantastic chart, great name.

Very well run, respected management. Favourable market for it to make less expensive acquisitions. If you own it, can hold for the long run.

Likes it. Most software companies are horizontally built, but CSU has vertical silos. Shares have come off a bit. He targets $2,925, so it has a good runway. They 7 silos, including healthcare and manufacturing. They built their acquisitions under those silos vs. other software companies that bring out a software and say it's for the masses.

He is a big fan of it and of the CEO Mark Leonard. It has acquired hundreds and hundreds of smaller software companies that have narrow markets, and then successfully integrated them. There are still lots more VS companies to buy and there is now the additional theme of AI.

If you own it, hold. If you don't, you can start building a position at current levels. Grown tremendously, so the question is whether their business will scale? Rigorous discipline has made it such a success. Doesn't overpay for acquisitions. High internal ROI rates have led to consistent growth and good EBITDA margins. Balance sheet is pretty good.

Massive company very good at software M&A.
Organic growth also going smoothly.
Excellent management team that is very good at capital allocation.
Founder led. 
Expecting further share price growth.
Vertical integrator of software business units.
Earnings growth compounding at 20% 

Excellent buyers of companies which is how they've grown for many years. Stock has done very well. Are spinning out companies to expand value. Can wait to buy a quality company. It's on her watch list. Shares are too high, but maybe enter on a pullback.

Lots of cache. More depth and breadth versus others. 

It is in a great trend and hitting new highs. Don't wait for a pullback which may not happen - buy a partial position now and when the tech sector has a cyclical upturn in October you could pick up more.

His Canadian software pick. Incredible allocators of capital. Customer loyalty is strong. He can see more spinouts going forward, with CSU retaining a super-vote but giving the spinout room to run. Capital spending on track to a great level for 2023. He'd want to make sure such a large company continues to deliver ROIC.