Constellation Software: Revealing itself one star at a time Long Term Investing - With Baskin Wealth Management

0:00: Introduction
1:00: talking Domino’s Pizza crust and its stock.
4:42: Review of the Constellation Software Annual meeting.
5:50: Why the annual meeting is still be done virtually.
8:49: Constellation Software is a capital allocation company.
11:11: Why acquired growth has been a better driver of returns for Constellation vs. organic growth.
13:15: Why Constellation will have to invest more to boost organic growth.
13:45: Why Constellation has limited worries about copycats.
19:11: reviewing Constellation’s carve-out strategy.
21:04: strategies to boost deal activity.
22:52: Constellation open to issuing stock for large deals?
29:23: more spin-offs on the way?
32:21: Mark Leonard on selling some of his shares.
34:32: How will AI affect Constellation?
36:41: Will Constellation deliver good returns to shareholders going forward?


This week we have a treat for Constellation Software fans! Barry and Ernest review the Constellation Software annual meeting and do a deep dive on the company. The guys discuss Constellation’s capital allocation, organic growth, competition, spin-off, carve-outs, copycats, AI and future catalysts.