ss

@rja907 Great summary !

🚨 BREAKING: Google Gemini can now analyze any stock like a Wall Street analyst (for free). Here are 10 insane Gemini prompts that replace $4,000/month Bloomberg terminals: (Save this 🔖 you’ll need it later)

@HustleBitch_ Hard work and success

🚨 TOM BRADY APPEARS WITH A “NEW FACE” — SOMETHING ISN’T RIGHT 25 years apart. Look at his face. What do you see?

@BarrySchwartzBW @ErnestWongBWM Valuation, how cheap is it

Recording a podcast on CSU today - anything you would like us to cover? @ErnestWongBWM

@Tablesalt13 @CNNallstar Interesting

@CNNallstar Only if you sell. Can just ride out the $156,000 annual payments for 30 years. Not a bad life.

3 million and youre set FOR LIFE, never have to work again AND you STILL have the $3 million to pass on to your kids few understand this opportunity.

@goodinvestingc It was nice meeting you here

On the way to Toronto to the Constellation Software AGM $CSU.TO. Are you around, too? I would be happy to connect 😊.

@VanIsleInvestor I like listening to her. She explains very nicely.

BNN Rebecca Teltscher Past Picks: 🌊 $CNQ Canadian Natural Resources Up 62% Owned for long time and no plans to sell. 🌊 $KBL K-Bro linen Up 18% 🌊 $PPL Pembina Pipelines Up 34% always plan to be invested in this name Up 38% very good performance from Rebecca Rebecca and firm continue to own all 3

@CanadianPolling Yes

Alberta - "Do you agree that an independent Alberta would be better off economically than it is as a province of Canada?" Disagree: 51% Agree: 37% Neutral: 9% Mainstreet / April 22, 2026

@BillAckman @grok summarize

As two of the largest forces in equity markets -- growing index ownership and increasing amounts of capital controlled by extremely short-term-oriented, leveraged, volatility-intolerant investors -- converge, we have found occasional opportunities to acquire some of the most dominant long-term compounding franchises at attractive valuations. For example, we acquired Alphabet $GOOG when the stock declined substantially on the release of ChatGPT in late 2022, Amazon $AMZN in the weeks following Liberation Day, and $META more recently on the market's response to the company's unexpectedly large cap ex guidance and expenditures. In our 13F which we will file later today, we will disclose a new position in Microsoft, a company we have followed for many years now offered at a highly compelling valuation. While $PSUS will not be filing a 13F tomorrow, it has also recently made $MFST a core holding. Microsoft operates two of the most valuable franchises in enterprise technology, which account for approximately 70% of the company's overall profits: M365 and Azure. M365, the company's productivity suite, is the dominant operating platform for knowledge work, with over 450 million workers using Word, Excel, PowerPoint, Outlook, and Teams on a daily basis. Azure is the world's second-largest hyperscaler cloud platform and, like AWS in our Amazon investment, is a direct beneficiary of the multi-decade migration of enterprise IT workloads to the cloud, which is now further accelerated by surging demand for AI inference workloads. Both M365 and Azure are underpinned by Microsoft's unparalleled enterprise distribution and the security, compliance, and identity infrastructure it has built and refined over decades. Beyond these core franchises, Microsoft also owns a portfolio of other leading businesses, including LinkedIn (the world's largest professional network with 1.3 billion members), its gaming platform (Xbox and Activision Blizzard), and search and news advertising (Bing and the Edge browser). We began building our position in MSFT in February following a meaningful share price decline after the company reported its fiscal Q2 2026 results. We were able to establish our position at a valuation of 21 times forward earnings, broadly in line with the market multiple and well below Microsoft's trading average over the last few years. Notably, MSFT's headline multiple does not reflect the value of Microsoft's approximately 27% economic interest in OpenAI, which would represent approximately $200 billion, or 7% of Microsoft's market capitalization, at OpenAI's most recent funding round valuation. We believe Microsoft's recent share price decline has been principally driven by investor concerns around two key issues: i) the competitive positioning of M365 against increasingly capable AI lab offerings (notably Anthropic's Claude Cowork), and ii) the durability of Azure's growth, especially in light of Microsoft's evolving relationship with OpenAI. In our view, investors underestimate the resilience of the M365 franchise given its deeply embedded role across enterprises and highly attractive price-value proposition. Unlike point software solutions, which may be vulnerable to disintermediation by better-performing AI alternatives, M365 is tightly integrated into the daily workflow of nearly every large enterprise and is supported by Microsoft's identity, security, compliance, and data governance infrastructure, which would be nearly impossible to replicate. Attractive bundle economics further reinforce Microsoft's advantage, with monthly average revenue per user on the M365 suite at approximately $20, less than half of what customers would pay to purchase the underlying applications individually from different vendors. Moreover, we are encouraged to see Microsoft prioritizing its R&D efforts and investment in Copilot, its own AI agent embedded across M365, with direct involvement from CEO Satya Nadella. We believe these efforts will translate into improved product velocity and greater customer adoption over time. Alongside Copilot's rollout, the company has also begun shifting its pricing model from pure per-seat licensing to a hybrid model of seats plus metered consumption, which helps expand the company’s revenue opportunity as AI agents drive incremental usage that a seat-only structure would not capture. These initiatives should help sustain M365’s strong underlying growth momentum, which was already evident in the business unit’s 15% revenue growth (in constant currency) last quarter. We believe concerns regarding Azure's growth trajectory are similarly misplaced, particularly in light of the franchise's exceptional recent performance. Azure revenue grew 39% in constant currency last quarter, with company guiding to modest acceleration through the second half of the year. We view Microsoft's recent decision to restructure its OpenAI partnership not as a concession but as part of a deliberate pivot toward a more open, multi-model architecture that better serves enterprise customers, who increasingly seek optionality across model providers. Microsoft recently disclosed that over 10,000 enterprise customers have used more than one model on Azure Foundry, the company’s modular AI model marketplace. This model-agnostic approach also strengthens Copilot, which can auto-route queries across multiple models to deliver the optimal output for a given task. To support Azure's rapid growth amid persistent supply constraints, Microsoft has raised its calendar year 2026 capex budget to approximately $190 billion. Consistent with what we have observed at hyperscaler peers Amazon and Google, we view this spend as growth capex that should drive future revenue generation. This is particularly true for Microsoft, given that roughly two-thirds of its capex budget is allocated to server and networking equipment that correlates directly with near-term revenue. Like our purchases of $GOOG, $AMZN, and $META, we believe that $MSFT offers analogous and compelling long-term value at today's valuation.

@ErnestWongBWM Thanks Ernest. It was nice meeting you today

"We are buying companies at far lower prices than our own stock" Should put to rest the buyback question for $CSU.TO

$CSU.TO $TOI.V $LMN.V AGM 2026!! Let's go!!

@JerryCap I am here also

Anyone at $CSU AGM?

@tanpukunokami Used to be canada. Look at it now

To Muslims moving to Japan: Japan is not an Islamic country. 🐷Pork is normal. 🍺Alcohol is normal. 🔥Cremation is normal. ⛩️Shrines, temples, Buddhist statues, and Shinto traditions are everywhere. Japan has a deeply polytheistic culture, often described as having “eight million gods.” Men and women work together. Marriage is monogamous. LGBT acceptance is growing. In other words, many normal parts of Japanese life may be considered haram under Islamic rules. But Japan is not the one that needs to change. You are free to practice your religion. But Japan is also free to remain Japan. When you move to another country, you respect its culture. You do not demand that country become yours.

@CJ0pp3l Opposite of Canada

So happy for Poland, what a a beautiful success story with more chapters yet to be written **September 18, 1993: The last Soviet/Russian troops left Polish territory**

@rumilyrics Gym

One habit that massively improved your mental health?

$2.72 billion wasted! We should privatize Canada Post—just as I said 10 years ago. Imagine how much money we would have saved.

@wilderr67 @MaximeBernier So it amazon

@MaximeBernier Canada Post is a service! Enough with this stupid narrative

@goodinvestingc Let connect.

@rja907 Fantastic!

$CSU.TO Q1 2026 conference call My favorite quote was CFO Jamal Baksh saying (as a response to whether they have made any changes to the bonus plan due to the stock being down): "...Personally, I think this is a great buying opportunity..." YouTube link: youtube.com/watch?v=OFNyDh… Official link: edge.media-server.com/mmc/p/avh4fruv

@deepvalueco FCFA2S and Organic Growth also.

Imho, 90% of what's relevant about the $CSU.TO numbers are revenue growth and capital deployed.