TSX:CTS - Post Discussion
Post by
retiredcf on Dec 30, 2023 7:41am
Market Call Next Week
Greg Newman on Thursday and Bruce Murray on Friday. GLTA
BUY
Converge Technology Solutions(CTS-T)
29/05/2023
Things soured a bit because the strategic review didn't see enough bids. However it is at a good valuation now at 8 X 2024 earnings and the growth rate looks much higher going forward. Its first quarter was pretty good, it has a substantial stock buy-back program and its balance sheet is OK. It is shifting from M&A to organic growth. It sets up well for the next 3 to 5 years and he would buy it in a non-registered account.
Technology
Greg Newman
$3.570
Unknown
BUY
Converge Technology Solutions(CTS-T)
10/02/2023
Owns shares in the company and thinks will perform well.
Rolling up software consulting companies into one.
Cheap on financial metrics.
Good time to buy shares in the company.
Take over bid would result in value for shareholders.
Good long term prospects.
Technology
Bruce Murray
$5.380
Owned
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