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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 > Previous TD extract
View:
Post by retiredcf on Nov 09, 2022 12:23pm

Previous TD extract

Investors are panicking (for no obvious reason) and the Market Makers are making out like bandits. GLTA

Our take. With the stock down >25% in the last two weeks to a new 52-week low, we believe the significant Adjusted EBITDA miss this quarter is at least partially baked into the current share price. Accordingly, we believe any share price weakness on the back of the Q3 results could be modest.
Comment by Nassan81 on Nov 09, 2022 12:32pm
Stock down more than 25% in recent weeks, plus another 10% today for a 18% miss (consensus)? I really hope it is cooked. Duh. im froging pissed.
Comment by retiredcf on Nov 09, 2022 12:54pm
I guess I'm just a stubborn SOB but I don't see how this earnings report justified a 40% decline in SP (which is what we've had since 25 October). Bids are beginning to line up and why wouldn't they at this ridicuious price? GLTA
Comment by fdfd12 on Nov 09, 2022 1:18pm
Retiredcf If you read on our site (5IResearch) they wrote CTS is 10X sales. Is it really? I don't get that.
Comment by fdfd12 on Nov 09, 2022 1:21pm
5I fixed it. It is listed as 10X earnings
Comment by growthnprosper on Nov 09, 2022 1:38pm
There is no reason for a drop........someone is playing games.
Comment by motivator2 on Nov 09, 2022 3:27pm
Another xbc?  That's cruel I know. 
Comment by AlwaysLong683 on Nov 09, 2022 3:31pm
I highly doubt that, but I don't see a big comeback in the share price anytime soon. Tax loss selling may continue for the duration of November. Then, depending on where interest rates and inflation are at, investors may not be willing to pull the trigger and buy.....?
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