Constellation Software Inc.

CSU-T

TSE:CSU

1,351.68
0.00 (0.00%)
Constellation Software is a diversified software company. It is based in Toronto, Canada, is listed on the Toronto Stock Exchange, and is a constituent of the S&P/TSX 60. The company was founded by Mark Leonard, a former venture capitalist, in 1995.
More at Wikipedia

Analysis and Opinions about CSU-T

Signal
Opinion
Expert
HOLD
HOLD
December 6, 2019
A perfect medium term hold and he owns a 2% holding in his portfolio. They acquire software startups and hold them for the long term. They have acquired of 260 startups. Their 10 year return on capital is 32% annually. His price target is $1425.
A perfect medium term hold and he owns a 2% holding in his portfolio. They acquire software startups and hold them for the long term. They have acquired of 260 startups. Their 10 year return on capital is 32% annually. His price target is $1425.
Kim Bolton
President and Portfolio Manager, Black Swan Dexteritas
Price
$1364.470
Owned
Yes
COMMENT
COMMENT
November 26, 2019
Constantly acquiring. Great Canadian name. Margins are very strong, but some are concerned with the organic growth. They have cash, and he'd say M&A will pick up next year. Complementary US name is Roper Technologies.
Constantly acquiring. Great Canadian name. Margins are very strong, but some are concerned with the organic growth. They have cash, and he'd say M&A will pick up next year. Complementary US name is Roper Technologies.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$1414.000
Owned
Unknown
TOP PICK
TOP PICK
November 25, 2019
A company that grows by acquisition. A $30B market cap company that grew free cash flow by 42% yoy. 16% increase in sales. Their return on capital is good and we could see 11% upside. (Analysts’ price target is $1423.00)
A company that grows by acquisition. A $30B market cap company that grew free cash flow by 42% yoy. 16% increase in sales. Their return on capital is good and we could see 11% upside. (Analysts’ price target is $1423.00)
Robert McWhirter
President, Selective Asset Management
Price
$1400.030
Owned
Yes
BUY
BUY
November 7, 2019
He really likes it. One of the best management teams. It is pretty steady up and to the right so it looks pretty nice. They acquire 'old' tech companies and share best practices. Then they take the cash flows that those companies spin out and then go and invest that cash. You can sit back and trust management.
He really likes it. One of the best management teams. It is pretty steady up and to the right so it looks pretty nice. They acquire 'old' tech companies and share best practices. Then they take the cash flows that those companies spin out and then go and invest that cash. You can sit back and trust management.
Ryan Modesto
Managing Partner, 5i Research
Price
$1253.100
Owned
Unknown
DON'T BUY
DON'T BUY
November 7, 2019
Growth by acquisition. Appreciation slows down as acquisitions slow down. Need organic growth to keep the story going. Valuation high. The law of large numbers eventually catches up with you. Other opportunities at better valuations.
Growth by acquisition. Appreciation slows down as acquisitions slow down. Need organic growth to keep the story going. Valuation high. The law of large numbers eventually catches up with you. Other opportunities at better valuations.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$1253.100
Owned
No
BUY WEAKNESS
BUY WEAKNESS
October 4, 2019

A software company that's really come to the forefront in recent years. A great chart with constant growth. It's done a good job of finding good growth opportunity. This will be more volatile if the market is volatile. Not a big dividend payer so more of a capital appreciation play.

A software company that's really come to the forefront in recent years. A great chart with constant growth. It's done a good job of finding good growth opportunity. This will be more volatile if the market is volatile. Not a big dividend payer so more of a capital appreciation play.

David Cockfield
Managing Director, Northland Wealth Management
Price
$1333.460
Owned
Unknown
STRONG BUY
STRONG BUY
September 24, 2019
An amazing chart. It's still in its uptrend which is consistent while the market has been volatile. CSU is entering seasonality, too. This can go higher. It's "blue sky" and he can't tell when it will stop rising.
An amazing chart. It's still in its uptrend which is consistent while the market has been volatile. CSU is entering seasonality, too. This can go higher. It's "blue sky" and he can't tell when it will stop rising.
Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
Price
$1300.510
Owned
Unknown
SELL
SELL
September 9, 2019
Biggest winner in technology in the last 10 years. He shorted this stock in the last week. Harder time finding acquisitions at the right valuation. Getting squeezed. No organic growth.
Biggest winner in technology in the last 10 years. He shorted this stock in the last week. Harder time finding acquisitions at the right valuation. Getting squeezed. No organic growth.
John Zechner
Chairman, J. Zechner & Assoc
Price
$1290.800
Owned
No
PAST TOP PICK
PAST TOP PICK
July 30, 2019
(A Top Pick Aug 29/18, Up 34%) Very difficult to analyze. They serially acquire companies that have only one family of software that addresses particular vertical need in the market. CSU says there are thousands like this and now own bunches of them. CSU knows how to buy them. Their return on invested capital is terrific. It's still an attractive stock at current prices.
(A Top Pick Aug 29/18, Up 34%) Very difficult to analyze. They serially acquire companies that have only one family of software that addresses particular vertical need in the market. CSU says there are thousands like this and now own bunches of them. CSU knows how to buy them. Their return on invested capital is terrific. It's still an attractive stock at current prices.
David Baskin
President, Baskin Wealth Management
Price
$1256.210
Owned
Yes
BUY
BUY
July 25, 2019
Doesn't need to rely on bigger deals to keep growth up. Flexible, nimble. Can do many, many small deals. Governance and corporate strategy risk is a lot lower.
Doesn't need to rely on bigger deals to keep growth up. Flexible, nimble. Can do many, many small deals. Governance and corporate strategy risk is a lot lower.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$1265.670
Owned
Unknown
WATCH
WATCH
July 16, 2019
Possible split? He doesn't think they will split the stock. This company has done an excellent job, but the valuation is just too rich. The yield is just a little too small too. There is a risk for a sizable retracement in this stock. Be careful.
Possible split? He doesn't think they will split the stock. This company has done an excellent job, but the valuation is just too rich. The yield is just a little too small too. There is a risk for a sizable retracement in this stock. Be careful.
Ryan Bushell
President, Newhaven Asset Management
Price
$1244.120
Owned
No
BUY
BUY
July 8, 2019
He wishes he owned it. They have a roll-up strategy in software: buy companies and integrated them well. This way, they have created tons of value, but he prefers software companies are hands-on in creating product. CSU has been a great performer though.
He wishes he owned it. They have a roll-up strategy in software: buy companies and integrated them well. This way, they have created tons of value, but he prefers software companies are hands-on in creating product. CSU has been a great performer though.
Jamie Murray
Head of research, Murray Wealth Group
Price
$1250.910
Owned
No
DON'T BUY
DON'T BUY
July 4, 2019
They consolidate various software companies. They have no debt so a pretty good balance sheet. He finds it is too rich at 20 times cash flow. Also there is no centralization of services among companies acquired.
They consolidate various software companies. They have no debt so a pretty good balance sheet. He finds it is too rich at 20 times cash flow. Also there is no centralization of services among companies acquired.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$1245.400
Owned
Unknown
TOP PICK
TOP PICK
June 24, 2019
They buy other software companies, around 200 now and could acquire many more. Managers own a lot of stock, and that's a great sign. They know what they're doing. (Analysts’ price target is $1223.33)
They buy other software companies, around 200 now and could acquire many more. Managers own a lot of stock, and that's a great sign. They know what they're doing. (Analysts’ price target is $1223.33)
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$1223.930
Owned
Yes
PARTIAL SELL
PARTIAL SELL
June 3, 2019
It has been a darling stock for a long time. The just keep consolidating. They don't squeeze out much synergies. This was not the business model he was looking for over the years. They will have to make bigger and bigger acquisitions.
It has been a darling stock for a long time. The just keep consolidating. They don't squeeze out much synergies. This was not the business model he was looking for over the years. They will have to make bigger and bigger acquisitions.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$1148.920
Owned
Unknown
BUY
BUY
May 17, 2019
They are serial acquirers with heavy cash flow. This can continue without limit. However, they have heavy competition now. So, CSU is now increasing its balance sheet. This has done incredibly well, a no-brainer.
They are serial acquirers with heavy cash flow. This can continue without limit. However, they have heavy competition now. So, CSU is now increasing its balance sheet. This has done incredibly well, a no-brainer.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$1200.020
Owned
No
PAST TOP PICK
PAST TOP PICK
May 15, 2019
(A Top Pick Apr 09/19, Up 1%) He still likes it. A strong chart and a great performer. The longer-term trend is up. It's consolidating these days. Expect choppiness then a breakout to new highs.
(A Top Pick Apr 09/19, Up 1%) He still likes it. A strong chart and a great performer. The longer-term trend is up. It's consolidating these days. Expect choppiness then a breakout to new highs.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$1174.780
Owned
Yes
TOP PICK
TOP PICK
May 2, 2019
It has been a core holding of his for a long time. They are extremely well run. They are run by a competent intelligent operator. They acquire software companies. When they are put on the world stage they shine. They are a bit expensive right now but one you should own. (Analysts’ price target is $1176.30)
It has been a core holding of his for a long time. They are extremely well run. They are run by a competent intelligent operator. They acquire software companies. When they are put on the world stage they shine. They are a bit expensive right now but one you should own. (Analysts’ price target is $1176.30)
Jason Del Vicario
Portfolio Manager, HollisWealth
Price
$1187.660
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 9, 2019
(A Top Pick Feb 21/19, Up 3%) A beautiful chart and story. Good performer in the past month with new all-time highs. It's been on a sharp upswing since the start of 2019. Loves it.
(A Top Pick Feb 21/19, Up 3%) A beautiful chart and story. Good performer in the past month with new all-time highs. It's been on a sharp upswing since the start of 2019. Loves it.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$1165.980
Owned
Yes
TOP PICK
TOP PICK
April 9, 2019
It's long been a top pick of his. It's made new all-time highs. Loves it. (Also a Past Top Pick today.) (Analysts’ price target is $1163.67)
It's long been a top pick of his. It's made new all-time highs. Loves it. (Also a Past Top Pick today.) (Analysts’ price target is $1163.67)
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$1165.980
Owned
Yes
BUY
BUY
March 29, 2019
Have to think longer term with this name. They trade at a premium valuation. This is one of the best performers in Canada. Strong management team. They have a strict focus on shareholder value. They paid a special dividend last quarter.
Have to think longer term with this name. They trade at a premium valuation. This is one of the best performers in Canada. Strong management team. They have a strict focus on shareholder value. They paid a special dividend last quarter.
Ryan Modesto
Managing Partner, 5i Research
Price
$1132.500
Owned
Yes
DON'T BUY
DON'T BUY
February 27, 2019
They have done well over a long time period. He thinks it may be over valued right now. Without a sizable dividend, he is staying away. With a marketcap of $23 billion, they need to take on bigger and bigger ventures.
They have done well over a long time period. He thinks it may be over valued right now. Without a sizable dividend, he is staying away. With a marketcap of $23 billion, they need to take on bigger and bigger ventures.
Ryan Bushell
President, Newhaven Asset Management
Price
$1114.800
Owned
No
PAST TOP PICK
PAST TOP PICK
February 21, 2019
(A Top Pick Aug 21/18, Up 26%) We saw a choppy consolidation. Then it broke to all time highs. He loaded up even more in late December.
(A Top Pick Aug 21/18, Up 26%) We saw a choppy consolidation. Then it broke to all time highs. He loaded up even more in late December.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$1159.970
Owned
Yes
TOP PICK
TOP PICK
February 21, 2019
It just broke out to new all time highs with strong, strong volume. (Analysts’ price target is $1163.67)
It just broke out to new all time highs with strong, strong volume. (Analysts’ price target is $1163.67)
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$1159.970
Owned
Yes
TOP PICK
TOP PICK
February 20, 2019
At 23 times earnings, it is still good value. There is really no great competitor. They have a mountain of cash and management is well invested. They do great acquisitions, are cost conscious, and he has great confidence in their strategy. Yield 0.45% (Analysts’ price target is $1163.67)
At 23 times earnings, it is still good value. There is really no great competitor. They have a mountain of cash and management is well invested. They do great acquisitions, are cost conscious, and he has great confidence in their strategy. Yield 0.45% (Analysts’ price target is $1163.67)
Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$1158.440
Owned
Yes
HOLD
HOLD
February 20, 2019
Another 10 bagger. Growth by acquisition. Latest quarter was way better than expected. They've now started to declare the value of the assets. There's also some organic growth. Management team's fantastic. Paid a one-time dividend, which is good, but does it mean they have nothing else to spend their money on. Hang on to it.
Another 10 bagger. Growth by acquisition. Latest quarter was way better than expected. They've now started to declare the value of the assets. There's also some organic growth. Management team's fantastic. Paid a one-time dividend, which is good, but does it mean they have nothing else to spend their money on. Hang on to it.
Veronika Hirsch
Chief Investment Officer, Arrow Capital
Price
$1158.440
Owned
Unknown
BUY
BUY
February 14, 2019
They had a nice beat today and they are declaring a special dividend. They always manage to hit their numbers and have a good return on equity.
They had a nice beat today and they are declaring a special dividend. They always manage to hit their numbers and have a good return on equity.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$1129.310
Owned
Unknown
HOLD
HOLD
February 11, 2019
It is well managed. They made a plethora of acquisitions. They are making tiny ones with a model that works. Don’t sell a company doing this well, although he prefers OTEX-T, which is a more sure bet. (Analysts’ price target is $11.32)
It is well managed. They made a plethora of acquisitions. They are making tiny ones with a model that works. Don’t sell a company doing this well, although he prefers OTEX-T, which is a more sure bet. (Analysts’ price target is $11.32)
Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$1002.850
Owned
No
TOP PICK
TOP PICK
December 28, 2018
The beautiful chart says it all. Going through a consolidation phase. Increased his exposure to this name. Yield is 0.6%. (Analysts’ price target is $1016.67)
The beautiful chart says it all. Going through a consolidation phase. Increased his exposure to this name. Yield is 0.6%. (Analysts’ price target is $1016.67)
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$864.000
Owned
Yes
COMMENT
COMMENT
December 10, 2018
Has been a tremendous stock to own over the last decade. But the sock is quite high at a tie when it is having its largest challenges to growth. It is difficult to grow.
Has been a tremendous stock to own over the last decade. But the sock is quite high at a tie when it is having its largest challenges to growth. It is difficult to grow.
Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$910.710
Owned
Unknown
DON'T BUY
DON'T BUY
December 4, 2018
An enigma. Sure, their managers have grown a small company into one of the largest software companies on the TSX. Doesn't trust them, because their reporting is not transparent. Also, this is a heavy growth by acquisition story, which itself is fine, but we are in a time of rising interest rates that will weigh on this stock.
An enigma. Sure, their managers have grown a small company into one of the largest software companies on the TSX. Doesn't trust them, because their reporting is not transparent. Also, this is a heavy growth by acquisition story, which itself is fine, but we are in a time of rising interest rates that will weigh on this stock.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$928.170
Owned
No
HOLD
HOLD
November 16, 2018
It’s had a crazy ride. Getting sold off with the entire sector. As a holding, it looks as though it’s going higher. Hard not to see upside in the chart, it’s powerful. Unless you did it for a trade, no reason to sell it.
It’s had a crazy ride. Getting sold off with the entire sector. As a holding, it looks as though it’s going higher. Hard not to see upside in the chart, it’s powerful. Unless you did it for a trade, no reason to sell it.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$913.500
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 1, 2018
(A Top Pick Aug 21/18, Down 2%) It is one of the leadership names in the TSX but he is watching it closely for signs of a reset. You could reduce your exposure on this one. It has lost its leadership.
(A Top Pick Aug 21/18, Down 2%) It is one of the leadership names in the TSX but he is watching it closely for signs of a reset. You could reduce your exposure on this one. It has lost its leadership.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$903.240
Owned
Yes
DON'T BUY
DON'T BUY
October 29, 2018

Here is a company that has gone around buying up other software companies. Now we are late in the investment cycle. The multiple got to a high level so he would expect consolidation.

Here is a company that has gone around buying up other software companies. Now we are late in the investment cycle. The multiple got to a high level so he would expect consolidation.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$865.410
Owned
Unknown
HOLD
HOLD
October 9, 2018

Tricky name. Widely owned. They have to continuously do deals to show good return on invested capital and they might make a mistake. That is his fear on this stock.

Tricky name. Widely owned. They have to continuously do deals to show good return on invested capital and they might make a mistake. That is his fear on this stock.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$917.010
Owned
No
PAST TOP PICK
PAST TOP PICK
September 24, 2018

(Past Top Pick Sept.18, 2017, Up39%) They will consolidate for a while. They've come off lately, but have performed well this year. Their challenge is that as they acquire software companies to grow, so they have to either buy bigger or more companies to maintain their pace of growth.

(Past Top Pick Sept.18, 2017, Up39%) They will consolidate for a while. They've come off lately, but have performed well this year. Their challenge is that as they acquire software companies to grow, so they have to either buy bigger or more companies to maintain their pace of growth.

Jason Del Vicario
Portfolio Manager, HollisWealth
Price
$949.510
Owned
Yes
DON'T BUY
DON'T BUY
September 11, 2018

Net income has been flat for three years. To move the needle, they have to make a lot of or bigger acquisitions. Historically, this has done well, but today it's expensive. Management is very arrogant--it won't do a conference call with investors. He doesn't like that; communicating with investors is fundamental. No clear strategy; it's a hodge-podge of small companies.

Net income has been flat for three years. To move the needle, they have to make a lot of or bigger acquisitions. Historically, this has done well, but today it's expensive. Management is very arrogant--it won't do a conference call with investors. He doesn't like that; communicating with investors is fundamental. No clear strategy; it's a hodge-podge of small companies.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$954.160
Owned
No
HOLD
HOLD
September 7, 2018

One of the best run tech companies. Growth by acquisition. Not cheap at 35x earnings. Beautiful chart. Top-drawer management. If you’re not worried about the valuation, it’s fine to own it.

One of the best run tech companies. Growth by acquisition. Not cheap at 35x earnings. Beautiful chart. Top-drawer management. If you’re not worried about the valuation, it’s fine to own it.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$943.670
Owned
No
TOP PICK
TOP PICK
August 29, 2018

They've bought a lot of little companies that specialize in "vertical applications" which fulfill a single purpose and do it well. They then divided them into six divisions they manage. They could aquire far more, so they have a big possibility of growth. The street didn't like their last quarter, but investors should look at the long-term: can they use their capital wisely to make these acqusitions? Yes. Based on the past, they are smart acquirers with 31% ROE on these purchases. Smart managers. (0.5% dividend, Analysts' price target: $1,073.58)

They've bought a lot of little companies that specialize in "vertical applications" which fulfill a single purpose and do it well. They then divided them into six divisions they manage. They could aquire far more, so they have a big possibility of growth. The street didn't like their last quarter, but investors should look at the long-term: can they use their capital wisely to make these acqusitions? Yes. Based on the past, they are smart acquirers with 31% ROE on these purchases. Smart managers. (0.5% dividend, Analysts' price target: $1,073.58)

David Baskin
President, Baskin Wealth Management
Price
$962.610
Owned
Yes
TOP PICK
TOP PICK
August 21, 2018

As long as its longer-term uptrend remains intact, he'll continue to like it, and consider the near-term pullback as a buying opportunity. (0.6% dividend, Analysts' price target $1,083.64)

As long as its longer-term uptrend remains intact, he'll continue to like it, and consider the near-term pullback as a buying opportunity. (0.6% dividend, Analysts' price target $1,083.64)

Javed Mirza
Technical analyst, Canaccord Genuity
Price
$926.420
Owned
Yes
STRONG BUY
STRONG BUY
August 3, 2018

This is a good time to buy, he thinks. Growth has been exponential and there is a pristine balance sheet. There is no problems with this company and is a very attractive buy. He thinks the lack of quarterly updates is reasonable as he thinks people should not focus on the last 90 days performance.

This is a good time to buy, he thinks. Growth has been exponential and there is a pristine balance sheet. There is no problems with this company and is a very attractive buy. He thinks the lack of quarterly updates is reasonable as he thinks people should not focus on the last 90 days performance.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$935.550
Owned
No
HOLD
HOLD
July 27, 2018

They reported earnings recently and the stock is down as a result. They are moving away from quarterly management calls and thinks this is strange. They are trying to make acquisitions and may have felt they were giving away too much information. A great stock to own, continue to hold it for the long term. It is cheaper than similar quality tech companies in the US.

They reported earnings recently and the stock is down as a result. They are moving away from quarterly management calls and thinks this is strange. They are trying to make acquisitions and may have felt they were giving away too much information. A great stock to own, continue to hold it for the long term. It is cheaper than similar quality tech companies in the US.

Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$959.930
Owned
No
DON'T BUY
DON'T BUY
July 23, 2018

It is a really well run software company. They buy up companies and cut costs. The market has awarded them a very high valuation multiple and they may have trouble continuing to grow as quickly.

It is a really well run software company. They buy up companies and cut costs. The market has awarded them a very high valuation multiple and they may have trouble continuing to grow as quickly.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$1081.620
Owned
Unknown
DON'T BUY
DON'T BUY
June 27, 2018

He held this for close to seven years, but sold it back around $700. He thought their niche was based on smaller acquisitions, which no longer works at this scale of business – it is hard to move the needle now.

He held this for close to seven years, but sold it back around $700. He thought their niche was based on smaller acquisitions, which no longer works at this scale of business – it is hard to move the needle now.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$1021.790
Owned
No
TOP PICK
TOP PICK
June 20, 2018

Despite the rapid share price rise, he still thinks they are undervalued. They have been acquiring companies very profitability. As long as they compound shareholder wealth at 30%, their cash ROE is almost 100%. Don’t be put off by the high 60 P/E ratio. Yield 0.5%. (Analysts’ price target is $964.42)

Despite the rapid share price rise, he still thinks they are undervalued. They have been acquiring companies very profitability. As long as they compound shareholder wealth at 30%, their cash ROE is almost 100%. Don’t be put off by the high 60 P/E ratio. Yield 0.5%. (Analysts’ price target is $964.42)

Jason Del Vicario
Portfolio Manager, HollisWealth
Price
$1056.090
Owned
Yes
BUY
BUY
May 31, 2018

First Canadian company trading over $1000. The chart looks really good from the early-April rally point. It is looking a little over-extended and could be subject to a pause. A 50 day moving average would be a good reduce point to lock in gains and the 100 day as a stop.

First Canadian company trading over $1000. The chart looks really good from the early-April rally point. It is looking a little over-extended and could be subject to a pause. A 50 day moving average would be a good reduce point to lock in gains and the 100 day as a stop.

Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$1021.220
Owned
Unknown
HOLD
HOLD
May 2, 2018

Insiders own a fairly large chunk of the stock and there have not been many share offerings. Management must invest directly in the stock – not just through stock options. They continue to deliver and have a great balance sheet. If you own it, you probably don’t want to sell it.