The Art of Value Next Compounding Beast? Constellation Software Spinoff Topicus
I discuss the recent earnings and future potential of company Topicus, a serial acquirer of small software companies. It's a spin-off from the much larger Constellation Software, which was founded and is led by superb capital allocator Mark Leonard. Will Topicus be able to compound at a similar rate to how Constellation Software has for well over two decades? See below timestamps:
00:00 Topicus investment thesis in relation to Constellation Software
01:36 Topicus earnings: cash flow more than doubles!
03:54 Stock price performance and potential - 10x or more?
06:03 Topicus Q3 2023 Headline numbers
07:52 Topicus historical metrics - future quality compounder?
11:07 Relevant Mark Leonard shareholder letter - reinvesting all cash produced
14:09 Final thoughts
Related episodes:
Primer Analysis: Mark Leonard, Constellation Software & Topicus
https://youtu.be/z0xnvhfNbOI
Mohnish Pabrai Talks Constellation Software & Mark Leonard
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Investing book mentioned in the episode:
100 Baggers: Stocks That Return 100-to-1 and How To Find Them by Christopher Mayer (refferal link) https://amzn.to/40yQHeb
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Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.