Author Topic: CSU - Constellation Software  (Read 162222 times)

QuesnelCap

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Re: CSU - Constellation Software
« Reply #430 on: July 11, 2018, 05:09:38 PM »
Hey Guys,

Been a lurker on here for quite a while. Anyway I did a short presentation on Outsiders/ML/Constellation. Check it out. Not sure if I'm adding much to the debate. I might be slightly more tepid on how I see equity holders doing over the next decade though. All feedback, counterarguments (esp. on why Constellation might do better than I am estimating) welcome. Attached PDF and see link https://securityinsecurities.com/2018/07/11/constellation-software/


Liberty

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Re: CSU - Constellation Software
« Reply #431 on: July 12, 2018, 05:03:10 AM »
Hey, welcome to the board, QuesnelCap. It was nice meeting you in Toronto!
"Most haystacks don't even have a needle." |  I'm on Twitter  | Interesting podcast on aging research

chrispy

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Re: CSU - Constellation Software
« Reply #432 on: July 12, 2018, 05:15:40 AM »
I was not aware of the requirement for employees making more than a certain threshold to buy stock. It has been great for employees so far.

One could estimate how many shares are required to be purchased a year and held for 5 years, right?

Edit: and the magnitude of shares could be insignificant...
« Last Edit: July 12, 2018, 05:18:51 AM by chrispy »

Shooter MacGavin

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Re: CSU - Constellation Software
« Reply #433 on: July 12, 2018, 01:39:38 PM »
Can anyone who saw Cibcís note today please summarize what stephanieís price reason for raising her price target today was?  Thank you

Jerry Capital

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Re: CSU - Constellation Software
« Reply #434 on: July 12, 2018, 01:58:56 PM »
cheap versus TYL

Shooter MacGavin

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Re: CSU - Constellation Software
« Reply #435 on: July 13, 2018, 03:30:12 AM »
cheap versus TYL

Thanks.

Wow.  Thatís it?  Seems like faulty logic.

Liberty

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Re: CSU - Constellation Software
« Reply #436 on: July 13, 2018, 07:08:49 AM »
cheap versus TYL

Thanks.

Wow.  Thatís it?  Seems like faulty logic.

Seems a bit simplistic, yeah. They play in some of the same verticals, but the operational model and future value drivers are pretty different.
"Most haystacks don't even have a needle." |  I'm on Twitter  | Interesting podcast on aging research

QuesnelCap

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Re: CSU - Constellation Software
« Reply #437 on: July 14, 2018, 04:40:30 PM »
@Liberty , Thanks, good meeting you too. Really sharp group of shareholders from the board and twitter.

@chrispy , Not sure how one would go about doing that without access to information on the total number of employees in that share purchase requirement bucket, their bonuses, etc. Anyway the insider ownership filing is pretty extensive and you can probably get about 80% of the way there. See attached

QuesnelCap

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Re: CSU - Constellation Software
« Reply #438 on: July 17, 2018, 05:20:44 AM »
FWIW, got a response from Mark Leonard on my presentation (see link below). Posting with his permission. Basically beware of survivorship bias. Asked a couple other questions that should appear in the next Q&A.

https://securityinsecurities.com/2018/07/15/what-do-billionaires-do-on-weekends/

Liberty

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Re: CSU - Constellation Software
« Reply #439 on: July 26, 2018, 06:05:20 AM »
My Q&A answers:

http://www.csisoftware.com/wp-content/uploads/2018/07/QA-July-25-2018-Final.pdf

They didn't answer my questions this time...  :'(
"Most haystacks don't even have a needle." |  I'm on Twitter  | Interesting podcast on aging research