Next Compounding Beast? Constellation Software Spinoff Topicus

I discuss the recent earnings and future potential of company Topicus, a serial acquirer of small software companies. It's a spin-off from the much larger Constellation Software, which was founded and is led by superb capital allocator Mark Leonard. Will Topicus be able to compound at a similar rate to how Constellation Software has for well over two decades? See below timestamps: 00:00 Topicus investment thesis in relation to Constellation Software 01:36 Topicus earnings: cash flow more than doubles! 03:54 Stock price performance and potential - 10x or more?  06:03 Topicus Q3 2023 Headline numbers 07:52 Topicus historical metrics - future quality compounder? 11:07 Relevant Mark Leonard shareholder letter - reinvesting all cash produced 14:09 Final thoughts Related episodes: Primer Analysis: Mark Leonard, Constellation Software & Topicus https://youtu.be/z0xnvhfNbOI Mohnish Pabrai Talks Constellation Software & Mark Leonard https://youtu.be/xPI773-AE-I Show your appreciation by buying JJ a coffee: https://www.buymeacoffee.com/jjprojects Investing book mentioned in the episode: 100 Baggers: Stocks That Return 100-to-1 and How To Find Them by Christopher Mayer (refferal link) https://amzn.to/40yQHeb Using a referral link helps support the pod, thanks! I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.