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Bullboard - Stock Discussion Forum 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... see more

TSX:CTS - Post Discussion

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Post by Steve33 on Apr 19, 2023 10:52am

Price

What has the company done that is so bad that they deserve this stock price.
Comment by jsg335 on Apr 19, 2023 11:07am
To be honest nothing.  I thought the last 2 quarterly results were good and both times the stock got hammered.   It's bizarro world these days, I can't understand how a potential buyout with decent reports recently gets absolutely no love.  It's almost as if some entity is walking down the price possibly?  Maybe in order to buy it out at a lower 7 number?  ...more  
Comment by AlwaysLong683 on Apr 19, 2023 8:58pm
My hunches re. the dropping CTS share price: 1) CTS carrying too much debt in a higher interest rate environment wtih interest rates in both Canada and the USA unlikely to be cut anytime soon. 2) Goodwill component of Assets likely overstated. 3) Increased costs to CTS for the products they assemble / acquire from suppliers given inflation. 4) Higher interest rates and inflation making it ...more  
Comment by preytel on Apr 20, 2023 6:57am
Your posts are always negative so to me you're just pissing in the wind shorty 
Comment by PuerSimia on Apr 20, 2023 12:41pm
6) The IFRS 15 change lowered product revenue by around 15 to 20%. Investors usually overreact to to this. 7) The high margin services component of revenue is only 15 to 18% of revenue. Not much pizazz in hardware. 8) Seniment for 2023 is, in the Company's own words, expected to be flat in 2023.
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