Investment Q&A

CSU has performed really well in the last five years through a combination of solid execution through its acquisitive growth strategy and multiple expansion. In fact, the share price performance of CSU actually does not include the performance of TOI and LMN, both of which were spun out of CSU in recent years. CSU is trading at a high multiple compared to its historical averages, but looking at the past, there has really never been a bad time to acquire more CSU shares since going public. For high-quality compounders like CSU, we think investors can average into the position over time, and pay less attention to whether the company is slightly overvalued or undervalued, given its strong track record of execution and improving operational efficiencies.