Converge Technology Solutions Corp T.CTS

Acquisition Hangover?

[retiredcf]

It's interesting that CTS made an acquisition nearly two weeks ago and the SP has fallen about 16% from its recent highs. They are not alone as another highly regarded company, Sangoma Tech, also just made an acquisition and are off 24% from their recent highs. There must be a digesting period where everyone analyzes the pros and cons and the SP settles down after initial enthusiasm for the deal. Long and strong. GLTA

[Ackilles]

I think its mostly due to the correction in tech overall. Its going to take an earnings report for this stock to gain some steam...or the talk of a tech bubble to subside. The large tech companies needed a correction, but, unfortunately it's going to trickle down. Anyone holding CTS is going to need patience for the next couple weeks. Once we get closer to the earnings report I expect