Bullboard - Stock Discussion Forum 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... see more

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TSX:CTS - Post Discussion

Converge Technology Solutions Corp > Stockchase Insights

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Post by retiredcf on Jun 10, 2023 9:16am

Stockchase Insights

HOLD

Converge Technology Solutions(CTS-T)

09/06/2023

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Keep in mind that the buyback is not mandatory. CTS can choose not to do anything. Free cash flow was $65M in the last 12 months, so it has some capacity. But with net debt at $320M we would like to see lower debt instead. There has been some net insider buying in the last six months, but a new committment would go a long way in helping investor confidence. We are OK holding, for now.

Technology

$3.460

Unknown

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