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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 AlwaysLong683on Jun 26, 2023 5:38pm
170 Views
Post# 35515254

RE:RE:Whats wrong with CTS?

RE:RE:Whats wrong with CTS?
1) Too much debt in a higher interest rate and inflationary environment.

2) Goodwill representing 25% of Total Assets.

3) End of strategic review process with a decsion to proceed with business as usual signals that it's likley CTS will be bought out anytime soon (unless they are willing to sell at a bargain basemant price per share) and thus will have to deal with the above two issues themselves.


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