1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (8608)  | Author's Website |

Ruane Cunniff Comments on Constellation Software

Guru stock highlight

March 06, 2018 | About:

Constellation Software (NYSE:CSU) delivered solid performance again in 2017. Revenue grew in the mid-teens with a low single-digit organic contribution and margins remained strong, leading to mid-teens growth in earnings. The company took an important step last year, expanding the M&A team under CIO Bernie Anzarouth to accelerate its rate of acquisitions. This investment appears to be bearing fruit. In the first nine months of 2017, the company deployed more on acquisitions than it did in the full year 2016. This pace is not enough to soak up all of the company’s cash flow, but it is a remarkable achievement against a tough backdrop. Asset prices are up, debt is inexpensive and Constellation’s success has attracted copycats.This is one of the most financially disciplined companies we have ever come across, so to see it find investments in this environment bodes well for when markets inevitably turn.

From Ruane Cunniff (Trades, Portfolio)'s Sequoia Fund 4th Quarter 2017 Manager's Commentary.

About the author:

Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


Performances of the stocks mentioned by Holly LaFon


User Generated Screeners


JessicaChuang6/2018
DswhaleDW BOMB1
UnAmericanOtakuPenny score gods
DswhaleDW BOMB
gluon71gm-june18-profitable-high-grow
Nightdoc2Best Value
alecmazototal yield 3.5%
alecmazoAlec Jun 19 2018
msacaccioStrong Comp Moats
acfinance2018New Filter Value + Growth + Ev
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK