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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Technology Information Technology Services
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

Converge Technology Solutions Corp > Low volume
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Comment by AlwaysLong683on Jun 29, 2023 8:57pm
165 Views
Post# 35521487

RE:RE:RE:Low volume

RE:RE:RE:Low volumeThey're paying a dividend of 0.01 per share per quarter just so they can technically claim they are still a dividend-paying company. Buying back shares with a balance sheet like that is not a smart move IMO. They act like they have lots of cash to spare, but I don't think they're fooling large investors who see higher interest rates, inflation and a likely recession at some point in 2023 staring them in the face, thus the significant share price decline after their Strategic Review.

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