Q: Hi, Constellation Software stock has been in an uptrend and rising steadily to new highs, recently, without any significant resistance along the way. After a $200 pullback this week with no news, do you consider it a good opportunity to add to an existing position ? Thanks
5i Research Answer:
The current valuation may not be a screaming buy, but still okay. CSU continues to demonstrate great execution despite size, and we think investors could do relatively well going forward by just averaging into compounders such as CSU over time. Without being facetious, we think nearly any pullback is a buy for this gem of a company.