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Bullboard - Stock Discussion Forum 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... see more

TSX:CTS - Post Discussion

Converge Technology Solutions Corp > CTS is right on track!
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Post by Sellthedream2 on Nov 11, 2021 11:33am

CTS is right on track!

I think you will see some headfakes on swings of prices here but that's all that they are. As per the cc if not for supply chain issues they could have had 100-150 more million in revenue on this typically weaker quarter but still had 93% yoy. That is phenomenal. The great thing is that they said the can is just kicked down the road for this revenue in backlog, this is not lost revenue that isn't coming back. From all appearances they should smash through 2 billion in revenue next year. FCF will help them with acquisitions now so dilution will be only when they have something massive in their sights. Great long term hold!!
Comment by fabdaq2021 on Nov 11, 2021 12:16pm
I think you will see some headfakes on swings of prices here but that's all that they are. I wasnt as fortunate as some on my initial buy.  I came late to the party.  I bought the day after earnings release after I saw it plugged on bnn about six months ago.  Did some quick research and thought wow this baby is an easy double.  I think the analyst was Stewart.  He ...more  
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