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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi Peter and Team, regarding Constellation, CSU, sorry to add yet another question here but would you please provide the estimates that you are comparing to compared to the actual results so that we can see what 'consensus was off a bit'? The estimates I get are usually different compared to what you usually provide and therefore have more faith in what you provide from your Bloomberg terminal, thanks.

This way we're all seeing actual results compared to the same estimate/consensus numbers you are comparing to. Thanks again!
Read Answer Asked by Hussein on April 30, 2014
Q: Hi, if someone beat me to it just ignore this, but I'm sure everyone is curious on your take on CSU quarterly earnings. At first glance they look good to me but I'm not sure how they compare to the "consensus" numbers. But if they are now at $2.50/share in earnings per quarter, isn't that now just a PE of 20 annualized?
Read Answer Asked by Kel on April 30, 2014
Q: CSU

Fastest turnaround ever on my question about the CSU AGM - thank you. But if they have not announced the AGM, and I only know about it via 5i as being in their lawyer's office which I don't know, and assuming they don't return my phone call I guess I am out of luck? I understand Mr. Leonard's legendary privacy concerns but trying to come to the grips with the legality/morality/transparency of this approach. Any further comments are appreciated and thanks.
Read Answer Asked by Kim on April 30, 2014
Q: Hi,

I'm looking at adding a large technology Company to my RRSP. I currently own Enghouse and I'm looking at adding either Open Text (OTC) or Constellation Software (CSU)? Any preference?

Also, Open Text is making an announcement tomorrow with the premier of Ontario. I assume its something related to additional investments in Ontario. What are your thoughts?

Thanks again,
Jason
Read Answer Asked by Jason on April 24, 2014
Q: Hi, I have been slowing adding your model portfolio to my stocks and I am somewhat concerned about Magna ( MG) and Constellation Software (CSU) seeing how they have climbed quite fast as of late. I am wondering if they are fully valued and whether or not I should wait for a pull back for these two.
Read Answer Asked by Wayne on March 13, 2014
Q: Good Comments on CSU. If they do an equity financing which will cover the cost of Total Specific Solutions (recent company purchased)what would be the expected % of share dilution that current share holders could expect? Since this info is now in the market place will this put a short term top on stock?

Thanks as always
Darcy
Read Answer Asked by Darcy on March 13, 2014
Q: RE: Bill on CSU split

I don't understand the obsession with CSU stock split. I am happy with the dip as it allowed me to buy a few more shares at the price of 2 month ago. As a small investor, I bought 11 shares at $222. It cost me $9.99 for the trade - same as if I had bought 100 shares at $22 (assuming a 10:1 split).


The only two real benefits with stock split that I see are:

1- Full 100 share lot are easier to get filled on a 'limit' order than fractional lot. Full lot must get priority because I have seen prices go lower than my fractional 'limit' order without it being filled...

2- Spliting stock results in a lower price which is more easy to DRIP (divvy reinvest) if your discount broker requires full shares - like mine does. I am actually happy with HCG 2:1 split because I have sufficient (constant) divvy dollar to buy a full share now at $43 - but could not at $86. But with CSU, even with 2:1 split, the stock price would still be $125...
Read Answer Asked by Jennifer on March 01, 2014
Q: As a shareholder of Constellation Software (CSU), I wonder why they don't do a stock split this would encourage more small shareholders to buy in, not many people want to buy 10 or 15 shares. Their volume each day is very low and it seems that this can allow a few shareholders to affect the stock price. Recently on no news other than some analyst from RBC downgrading the company from a buy to a hold the stock had a large drop. Would you have any comments? Thanks
Read Answer Asked by Bill on February 28, 2014