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Pivot Technology Solutions Inc. T.PTG

"Pivot Technology Solutions Inc offers IT solutions to businesses, government, education, and healthcare organizations. It operates through the following segments: ACS, ARC, ProSys, Sigma, TeraMach, Shared services. The company derives the maximum revenue from the ProSys segment which sells storage, server, and IT infrastructure consulting solutions to enterprises. Geographically, it derives majority revenue from the United States and also has a presence in other countries."


TSX:PTG - Post by User

Comment by janeintorontoon May 04, 2016 7:59pm
149 Views
Post# 24842524

RE:article on seeking alpha

RE:article on seeking alphaTks for this, though I'm less confident about the leverage. Two x interest coverage may be adequate when rates are 8% -they are not likely to double. But when general interest rates are around 1%, there is a much higher risk of a sudden increase. (In 1979, rates rose over 4 points in just over 6 months.) I haven't looked at their hedging, but I do think the dividend increase was a shameless attempt to jack up the share price. With the leverage & lack of overwhelming profitability, they should have known that if a 3c dividend did not impress, a 4c one could even backfire. Well, maybe that was the CFO who just left....  I just wish they'd focus on profitability & keeping their customers happy and less on share price. The soap opera, as well as the leverage & low profit is keeping the price down. I too, am not looking for a quick takeover; I'd just have to find something else. I have quite a bit of it, more than usual for a penny stock.
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