April 7, 2015

On Tuesday, the S&P 500 was down 0.2% and Toronto was up 0.6% as oil rose about 3%.

FedEx was up 2.7% on news of an acquisition.

Canadian Western Bank was up 1.6%.

Toll Brothers fell 2.6% to $38.86 apparently because some advisors suggested taking profits after the recent gains. I don’t pay any attention to such things. (I mean after all I am here to give advice, not to follow what others do.)


Constellation Software was up another 4.2% to $480. It’s hard to believe that a few years ago a major pension plan was pushing this company to sell itself and that pension plan sold its shares at around $70, as I recall. This was a pension plan that had members on the Board of Constellations. So much for “the smart money” in that case. I owned it at least twice and sold far too early both times. At least I never wavered in saying it was a very well managed company. I don’t think I ever rated it a Sell. (Sometimes I personally sell a stock that I rate a (lower) Buy or whatever simply to raise cash.)  I’ll plan to update this one soon but I suspect it will look rather expensive.

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