Stock price when the opinion was issued
His preference to LMN. Reported this morning, margins are slightly below 40%. Low-ticket items sold to the construction industry to automate workflow. Really strong margins, almost no debt. Longer term, should grow mid-teens organically and through M&A. (Price target in Swedish krona.) No dividend.
(Analysts’ price target is $34.57)
Based in Norway it is involved in construction software across Northern Europe. It is like a Constellation Software and has been thoughtfully assembled with very high margins. It is one of his largest holdings.