The report for Constellation Software is updated and rated (lower) Buy at Canadian $704. That was the price I used in the analysis but it closed today at $698. The company reports in U.S. dollars. Therefore I do the analysis in U.S. dollars and converted the share price to U.S. dollars for purposes of analysis. This stock is not cheap. But it is has been one of the best managed companies I know of. It’s CEO is extraordinarily candid and focused on creating returns for shareholders. He has a great track record and those who have ridden his coat tails by buying and holding these shares have done very well. There may be dips in the share price but the overall direction will likely continue to be up.