Review of Lumine Group Inc.

SEP 11, 2025 - Despite recent weakness and concerns about AI threats, we are fairly confident these companies still have good long-term potential. CSU’s ability to keep up with an M&A strategy is widely recognized. Management indicates that there are still thousands of possible deals that all CSU entities can do within the VMS business universe. AI worries may actually increase the deal pool as well. The market has placed a premium valuation multiple on LMN relative to other CSU entities due to its smaller size, and it already has a larger pool of potential acquisitions than CSU. We think LMN’s story remains intact, and we expect the company to continue to compound free cash flow per share at a healthy rate going forward - we are maintaining our rating at B+.

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Q: If you were to put together a 10 stock, growth oriented portfolio of Canadian stocks with a market cap of between $5 billion and $15 billion, what stocks would you select?

Read Answer Asked by Dan on October 17, 2025

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Q: Hi, repeating a very recent question from someone else, but about TOI instead of LMN: Given its weakness and current price level are you now bullish on Topicus?
Thank you!

Read Answer Asked by GeeMac on October 16, 2025

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Lumine Group Inc. (LMN $35.19)
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Q: Good afternoon 5i
You just replied to a a question regarding lmn or csu, saying that you thought buyers would be rewarded at the current price. I want to put pretty reliable but also growth stocks in my tfsa. Today would you have a preference amongst these three for buying today? Just for context, i have a full position in csu and half in the otjer two

Read Answer Asked by joseph on October 17, 2025