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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 advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Converge Technology Solutions Corp > Over
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Comment by Bookworm28on Nov 08, 2022 1:57pm
139 Views
Post# 35082827

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Over

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Over
RusticHit wrote: No short covering before Earnings selling continue non stop 10th day ,,never seen this much carnage ,,,,,,doomed 


It's going to be an interesting news release. Looking at SEDAR filings, they were running a working capital deficit ending June 30, 2022. Not a huge surprise, given the financing of recent acquisitions with debt. Not a big deal either if the trade receivables and inventory balances for Q3 are within the covenants. I'm not sure how much wiggle room they'll have if they aren't. It's reasonable to see some nervous nellies selling given the marcroeconomic environment more than anything else. Let's hope their Q3 numbers are 1/2 decent. We should know shortly.
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