Stock price when the opinion was issued
(A Top Pick Sept 30/15. Up 34.71%.) This has done extremely well on the back of acquisitions. They are worldwide and on 6 continents. Made an acquisition in Canada recently. They own OMX, a Netherlands-based electronic platform, and then introduced a lot of technology to make it more efficient, bring down costs and increase margins. When he bought this, it was at about 15X earnings, and is now at about 18X. Not quite as compelling, but still a Buy.
A year ago, we were at the bottom of capital markets and now it's better. There were 13 IPOs in the first half of 2024, and 61 this year. They are investing in technology, attracting tech companies compared to the NYSE.