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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

Post by kulewateron Nov 14, 2019 12:11pm
155 Views
Post# 30351253

Still baffled by the rose coloured glasses..

Still baffled by the rose coloured glasses..I used to be a shareholder. Divested over a year ago at a nice profit. Ever since Kevin took over the revenues have been backsliding as a result of less intake from major customers. Not sure how you can see this as anything but a decay in business health. Yes the margins are a bit better but thats a result of lower revenues and a shift to services. Anyone that thinks this is a good thing should ask themselves if they would rather have 1% of a billion or 100% of 1. 

As far as Smart Edge goes they company really sold out shareholders that were being told this was the next great differentiator for PTG and would really boost earnings in the future. But guess what, they sold all that R&D and promise for $25M - thats peanuts. And its a one time event. Nobody is going to invest in the long term prospects of a company based on a one time event that will boost revenues for ONE QUARTER.

The non-exclusive agreement is a joke. Why even put that in a release. Everyone has a non-exclusive agreement with Intel. 

The company has seen erosion in revenues - and thats the big take away anyone should be cognizant of as they evaluate this investment.

Just my two cents.
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