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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

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

Comment by ddogoldon Feb 05, 2023 8:53am
141 Views
Post# 35267451

RE:RE:RE:"Gift From The Investment Gods"....Jordan Zinberg

RE:RE:RE:"Gift From The Investment Gods"....Jordan Zinberg
Mephistopheles3 wrote: First on the "strategic review" announcement, management has stated in interviews and disclosed that they received unsolicated bids from more than one party.  This is the primary reason they issued the press release - yes, they probably were not required to and did so to generate a bit of buzz, but this was based on an unsolicated offer.  You are insinuating that management is commiting securities fraud by press releasing and making comments about unsoliciated bids for the purpose of boosting stock price.  That's a heavy accusation and without basis.  

Second on the price of the stock assuming no acquisition, to your answer on whether this stock is worth $6 if a potential acquisition doesn't go through..  my answer is absolutely.  I suspect you haven't actually gone through the investor presentations, MD&A or detailed financials and are just kind of shooting at the hips without a detailed analysis. 

If you're bearish on the industry, that's fine, don't invest.. nobody is forcing you to.  My analysis shows that this company generates significant EBITDA and cash flow and it is growing fast. All they need to do is focus on the organic growth, getting their synergies down and pause on the M&A to pay down some debt before they start more M&A in 2023.  If they do so, honestly this stock can double just like Jordan Zinberg described.  There are lots of risks, including whether we go into possible recession or whether there's a drop in cloud revenue.. but this is a calculated bet.  So far it's worked out - I'm sitting on some pretty heavy gains which is providing a margin of safety going into next week.

Maybe next week, you get to post "I told you so", but in the long run, calculated risks pan out.

All very well articulated and I agree . As far as Alwayslong , it seems to me that most of his postings are "soft " bashing and I question if he actually owns any shares here .GLTA 
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