Topicus.Com Inc. (TOI-X)

Listed on the Venture Exchange because when CSU spun it out, wanted to keep it off the radar and didn't want to pay high listing fees of the TSX. He hasn't examined the latest results, probably relatively good. Financials are frustrating, messy. If it can come close to replicating the success of CSU, should do well. Higher organic growth rate than CSU. Note that CSU won't announce any acquisition unless it's more than 100-150M. To find this information, you need to look at the underlying business groups. TOI has been active. This environment is more favourable to both TOI and CSU making acquisitions. Exceptional capital allocation skills. Good for growth part of a portfolio.

Spinoff from Constellation Software.
6th of a size of Constellation Software.
Consolidator of small software companies. 
Very strong business that will be good for long term shareholders.
Would recommend buying.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenues were up 13%. EPS was $0.14, compared to a loss in prior years. The company did $43M in deals, including deferred payments. The share structure is getting cleaned up as well. Preferred shares are being converted to common shares. The company has been busy with deals and the market should like the momentum. Unlock Premium - Try 5i Free

Spinoff from Constellation Software. CFO salary is $1 which is very shareholder friendly. Very high alignment of executives with shareholders. Share price slightly over-valued. Will preform well for long term shareholders.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Although it is hard to call a bottom, it looks quite attractive. Would be good for at least a 2 year timeframe. Although it does have risk as with any equity, it looks of good value here. Unlock Premium - Try 5i Free

Company is a spin out from Constellation Software (smaller version). Culture of exceptional capital allocation and discipline. European owners of software business' care a lot about culture and treat businesses well (competitive advantage). Looking to add more to position and likes the company.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There is no news to account for the good performance these last few days. The stock had been beaten up in the tech sell-off. It is only back to where it was about 3 weeks ago. Unlock Premium - Try 5i Free