Constellation Software Inc. (CSU.TO)

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.

Incredible success over the years. Very successful spinouts. He's never afraid to add with new cash. With this stock, it doesn't matter what's happening with the economy, as they create value no matter what. Hold it through the cycle.

Tech is one of the best spaces now. The chart is trending up since last November. A good company. 

It is a consolidator of software companies and is now spinning off a new one called Lumin which should start trading soon. Last year it spun off a company called Topicus. Constellation Software is still an undiscovered stock. Its brilliant management has built a great runway of growth with lots of cash flow. People who buy their software stick with it.

Hasn't traded stock in a while.
Recent breakout suggesting good time to buy on the down side.
Might want to buy around 2200 level.