Constellation Software Inc. | StockChase
109
Constellation Software Inc. (CSU-T)

Last Price Recorded: $772.7000 on 2017-12-15

ON STOCKCHASE SINCE Nov 2008

computer software/processing
109
Constellation Software Inc. (CSU-T)

Last Price Recorded: $772.7000 on 2017-12-15

ON STOCKCHASE SINCE Nov 2008

computer software/processing

Constellation Software Inc.


Signal Opinion Expert
PAST TOP PICK

(A Top Pick Oct 20/16, Up 26%) one of his largest holdings.  The best capital allocator in Canada.  They upped their acquisition game, typically smaller companies.  As they get bigger they either need to be acquiring larger or more companies to keep up with their growth rate.  A tremendously run company.  He still likes them.

computer software/processing

(A Top Pick Oct 20/16, Up 26%) one of his largest holdings.  The best capital allocator in Canada.  They upped their acquisition game, typically smaller companies.  As they get bigger they either need to be acquiring larger or more companies to keep up with their growth rate.  A tremendously run company.  He still likes them.

computer software/processing
Jason Del Vicario

Portfolio Manager, HollisWealth...

PricePrice
$749.230
Owned Owned
Yes

BUY on WEAKNESS

They started buying some Canadian stocks because of companies like this. Great looking chart, maybe a little bit off the trend line. There could be a little pullback, and this could be an excellent buying opportunity if it does in fact have pull back. The Canadian tech sector is a little bit overlooked, and Canadian tech companies are a little less appreciated than their US counterparts.

computer software/processing

They started buying some Canadian stocks because of companies like this. Great looking chart, maybe a little bit off the trend line. There could be a little pullback, and this could be an excellent buying opportunity if it does in fact have pull back. The Canadian tech sector is a little bit overlooked, and Canadian tech companies are a little less appreciated than their US counterparts.

computer software/processing
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$760.220
Owned Owned
Unknown

HOLD

A great company and very well-managed. A consolidator of software companies, and their strategy continues to work. (See Top Picks.)

computer software/processing

A great company and very well-managed. A consolidator of software companies, and their strategy continues to work. (See Top Picks.)

computer software/processing
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$760.470
Owned Owned
No

COMMENT

CSU-T vs. FIH.U-T vs. GOOGL-Q.  You have several different options here.  He likes FIH.U-T’s exposure to India.  He thinks India is one of the great overlooked growth stories.  GOOGL-Q is one of the death stars.  It has run to quite an extent.  He thinks it has a good year to run yet.  This is one that will be around in one form or another for a long time.

computer software/processing

CSU-T vs. FIH.U-T vs. GOOGL-Q.  You have several different options here.  He likes FIH.U-T’s exposure to India.  He thinks India is one of the great overlooked growth stories.  GOOGL-Q is one of the death stars.  It has run to quite an extent.  He thinks it has a good year to run yet.  This is one that will be around in one form or another for a long time.

computer software/processing
Brendan Caldwell

President, Caldwell Securities...

PricePrice
$737.980
Owned Owned
Unknown

DON'T BUY

A very successfully run company. They’ve been very successful with their acquisitions. In term of a technology company they’ve done very well. From a value investor perspective the multiple is a little out of reach. Feels it could be very vulnerable to a significant downturn in the market and wouldn’t recommend buying at this point.

computer software/processing

A very successfully run company. They’ve been very successful with their acquisitions. In term of a technology company they’ve done very well. From a value investor perspective the multiple is a little out of reach. Feels it could be very vulnerable to a significant downturn in the market and wouldn’t recommend buying at this point.

computer software/processing
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$754.810
Owned Owned
No

COMMENT

Grows by acquisition. Expected to have earnings growth of 17%. Earnings are expected to go from $27.50 to $32, which is a 17% lift, but you are paying a 22X price earnings multiple. In the top 10% of his database.

computer software/processing

Grows by acquisition. Expected to have earnings growth of 17%. Earnings are expected to go from $27.50 to $32, which is a 17% lift, but you are paying a 22X price earnings multiple. In the top 10% of his database.

computer software/processing
Robert McWhirter

President, Selective Asset Mana...

PricePrice
$709.430
Owned Owned
No

TOP PICK

Debenture.Probably the best capital allocator in Canada. He likes this debenture, because it has a high yield of almost 7%. It is not well known and is under the radar. It also has an element of inflation protection. The yield is rather unique in that it is set at 6.5% plus the trailing CPI inflation rate. If you think inflation is going to pick up, you will get yield reset every year. Yielding 6.3%. (Note: This doesn’t qualify for the dividend tax credit, so Buy it in an RRSP, RIIF or a TFSA account.)

computer software/processing

Debenture.Probably the best capital allocator in Canada. He likes this debenture, because it has a high yield of almost 7%. It is not well known and is under the radar. It also has an element of inflation protection. The yield is rather unique in that it is set at 6.5% plus the trailing CPI inflation rate. If you think inflation is going to pick up, you will get yield reset every year. Yielding 6.3%. (Note: This doesn’t qualify for the dividend tax credit, so Buy it in an RRSP, RIIF or a TFSA account.)

computer software/processing
Jason Del Vicario

Portfolio Manager, HollisWealth...

PricePrice
$687.000
Owned Owned
Yes

COMMENT

This has been a good name in the past, and continues to be good. They have a decent footprint in Europe which is really helpful. Continues to post good numbers and will continue going higher.

computer software/processing

This has been a good name in the past, and continues to be good. They have a decent footprint in Europe which is really helpful. Continues to post good numbers and will continue going higher.

computer software/processing
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$696.650
Owned Owned
No

COMMENT

A growth rollup strategy. They have grown a lot by acquisition as well as some organic growth. Trading at close to 50X earnings. It only needs to stumble a little in order to cause a great deal of disappointment. In order to continue the growth and the appreciation that we have seen, they have to continue to surprise people on the upside and continue on the growth pattern.

computer software/processing

A growth rollup strategy. They have grown a lot by acquisition as well as some organic growth. Trading at close to 50X earnings. It only needs to stumble a little in order to cause a great deal of disappointment. In order to continue the growth and the appreciation that we have seen, they have to continue to surprise people on the upside and continue on the growth pattern.

computer software/processing
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$700.280
Owned Owned
No

COMMENT

Essentially a serial acquirer of companies, which they roll into their product offering. Focused on smaller size companies. He bought this at $100 a share, and sold it last year at $629. It is going to become increasingly difficult for them to move the share price higher.

computer software/processing

Essentially a serial acquirer of companies, which they roll into their product offering. Focused on smaller size companies. He bought this at $100 a share, and sold it last year at $629. It is going to become increasingly difficult for them to move the share price higher.

computer software/processing
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$660.100
Owned Owned
No

BUY

He likes them a lot.  It is bullish when you see a company consolidate.  They are forming another base or handle around $650.  It would just take a large acquisition in order to move higher.

computer software/processing

He likes them a lot.  It is bullish when you see a company consolidate.  They are forming another base or handle around $650.  It would just take a large acquisition in order to move higher.

computer software/processing
Jason Del Vicario

Portfolio Manager, HollisWealth...

PricePrice
$654.490
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Jan 29/16. Up 29%.) Focused in software and they have traditionally made acquisitions of smaller software companies. The challenge is that this is a $13 billion company, so they need to do 40-50 acquisitions yearly to really move the needle.

computer software/processing

(A Top Pick Jan 29/16. Up 29%.) Focused in software and they have traditionally made acquisitions of smaller software companies. The challenge is that this is a $13 billion company, so they need to do 40-50 acquisitions yearly to really move the needle.

computer software/processing
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$651.540
Owned Owned
No

HOLD

A fabulously run company. A great case study if you want to study how a company can grow through acquisition. When they started off, the idea was to buy companies between $5-$7 million. They focused on smaller companies, because in that way they were not competing with private equity. However, today the company is a $13 billion company, and they are still going after these small $5-$7 million companies. If it pulled back, he would consider buying it then.

computer software/processing

A fabulously run company. A great case study if you want to study how a company can grow through acquisition. When they started off, the idea was to buy companies between $5-$7 million. They focused on smaller companies, because in that way they were not competing with private equity. However, today the company is a $13 billion company, and they are still going after these small $5-$7 million companies. If it pulled back, he would consider buying it then.

computer software/processing
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report...

PricePrice
$648.990
Owned Owned
No

HOLD

We should see it fall back due to it getting to the end of the period of seasonality.  He would put a stop in place.  It was going down then the market is going up.

computer software/processing

We should see it fall back due to it getting to the end of the period of seasonality.  He would put a stop in place.  It was going down then the market is going up.

computer software/processing
Brooke Thackray

President, Jov Investment Manag...

PricePrice
$630.440
Owned Owned
Unknown

COMMENT

Recently added to his position as it broke through previous resistance in the high $500s. This has been the best performing stock on the TSX over the past 10 years. Their compound average growth rate of the stock price has been over 40% during those 10 years. Feels management are among the top 5 capital allocators in Canada. They feel there are more Canadian software companies that they could take over. Also, owns their debenture, and the interest rate is tied to inflation, so it is at 6.5% plus the trailing CPI.

computer software/processing

Recently added to his position as it broke through previous resistance in the high $500s. This has been the best performing stock on the TSX over the past 10 years. Their compound average growth rate of the stock price has been over 40% during those 10 years. Feels management are among the top 5 capital allocators in Canada. They feel there are more Canadian software companies that they could take over. Also, owns their debenture, and the interest rate is tied to inflation, so it is at 6.5% plus the trailing CPI.

computer software/processing
Jason Del Vicario

Portfolio Manager, HollisWealth...

PricePrice
$611.460
Owned Owned
Yes

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