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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 Mephistopheles3on Mar 03, 2023 9:06am
144 Views
Post# 35317070

RE:RE:Price

RE:RE:PriceAssuming there is no transaction announced in two weeks, we will likely see the stock price crater, possible in the low $4 or dip into the $3 range.. at this point, I think it would be great to get in. 

It's not all blue skies ahead - I think your point on analyst targets is good.. they are mostly useless and just make up targets all day long.  It's really up to CTS to show some good metrics, they've been talking about getting synergies and reducing overhead expenses.. but they need to actually do it vs. just building the team. 

Don't put your hopes up on share buybacks happening anytime soon, they are too leveraged as it is now to do any more share buybacks.  Still bullish here - but looking for some more weakness / short attacks before increasing position.
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