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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Post by Bookworm28on Nov 24, 2022 9:42am
253 Views
Post# 35124799

Timing could be better, but, there are some positives...

Timing could be better, but, there are some positives...While recognizing we are undervalued, the timing of the review isn't optimal. It's like putting your house on the market during rising interest rates (like now). On the other hand, a potential buyout will make short sellers think twice. So overall, it's a positive IMO. The only real risk is time it takes to come up with something, and Q4 earnings. The longer the process drags out could become an issue if Q4 earnings surprise to the downside. So all in all, we'll be rangebound IMO, which is A OK with me. Stabilizing the price around $5 is a good thing. A lot better than what we've been experiencing as of late.  
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