Converge Technology Solutions Corp T.CTS

Stock Drop on Earnings and Buyback

[AnAmateur]

Can someone explain to me why the recent earnings and buyback were bad news for the stock?

I naively though that the earning results were great (YoY increases all around) and that stock buy back was a good think (inverse of dilution). I thought we would see a jump in stock price, but I was obviously mistaken.

What is the main concern about CTS? Thanks!

[templetooth2]

These guys did $666 million (a devil of a number) worth of business in the most recent quarter and managed to lose $3.5 million. The Q2 sales were slightly down from Q1 and the loss was a fair bit higher than in Q1, $1.9 million. So in the first half of the year, they had about $1.25 BILLION in revenues and lost ballpark $5.5 million. Is this a lousy business? What?

[SR71BlackBird]

Agree with what you say. But at current share price, this thing could provide some nice upside in the next few months. It's just the dream that this thing can pop to 7 or 8 dollars any time soon is shattered. But four or five dollars, in my opinion, is doable in the next year or six months.  IMO

[Paray99]

All tricks dear... Now you will see all these analysts, insiders and big investors all accumulating and once done they will get a much positive news next quarter to pump this up by 100% and then dump and wait for next leg!   Now, every day after one or two weeks we will see this thing advancing up slowly.... there is no history in the stock market.... every day is a fresh start... new