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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 > Stephen Takacsy - DON"T BUY
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Comment by retiredcfon Mar 28, 2024 4:15pm
145 Views
Post# 35958972

RE:Stephen Takacsy - DON"T BUY

RE:Stephen Takacsy - DON"T BUYHere are his comments from 2 months ago. Best guess is that the caller was hoping that he would make the same comments so they could snap up a few shares on the cheap. Looks like they got their wish as the SP fell back from nearly $6.00 to close at $5.82. Also the highlighted portion certainly applies today. GLTA

DON'T BUY
Converge Technology Solutions(CTS-T)
23/01/2024
 
Doesn't follow it closely. Gross margins are 15% max. They were growing by acquisition until higher interest rates paused that. Organic growth is around 5% at best. It doesn't deserve a high valuation. They didn't attract a high enough offer to be bought out.
 
Technology

Stephen Takacsy
$3.920
No
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