The report on Constellation Software is updated and rated Weak Sell / Hold at $2828. This is a wonderful company. It has fantastic management and a fantastic track record. But it is also a complicated company with complicated accounting. My only real concern here is the valuation which I find to be high in relation to earnings. I would not be a buyer at this price and would hope for a lower price. On the other hand selling this stock has been a mistake in the past. Those with a larger position might want to trim it somewhat.