Converge Technology Solutions Corp T.CTS

Jordan Zinberg

[retiredcf]

One of our biggest fans is back on Market Call next Friday. As can be seen, the last time he was on, he made CTS a top pick. And this of course was prior to the news of a potential future sale of the company. GLTA

TOP PICK

Converge Technology Solutions(CTS-T)

11/07/2022

 

It is in the IT services industry focused on mid market customers in North America and Europe. It is growing very quickly so he is puzzled why the stock is so low. It has delivered on its acquisition plans and has provided solid organic growth. We should see more acquisitions and an increase in credit facilities and maybe even a dividend or buyback of shares with its free cash flow. It is growing 2 times as fast as its peers but trading at half the valuation. Buy 10, Hold 2, Sell 0 (Analysts’ price target is $11.73)

Technology

 

Jordan Zinberg

$5.380

Owned

[retiredcf]

Just a reminder. If he gets a question, we'll see if he agrees with the TD guy. GLTA

[bunser49]

Top pick today on BNN.

[ddogold]

Can someone kindly post his comments . Thanks 

[Mephistopheles3]

Video just went up - CTS is listed as a top pick. 50% upside, 15% downside if the buyout doesn't happen. https://www.bnnbloomberg.ca/video/jordan-zinberg-s-top-picks~2622182

[growthnprosper]

I don't have the comments but I did hear him and he is very positive on CTS. He thought the bidding process could take 2 or 3 months and that the upside in price is much greater than any downside if mgmt chose to hold. If mgt does the later he thinks the price could triple. That's all I can remember. Very positive on Converge and does not think they should sell for cheap.

[retiredcf]

Here's his first set of comments from BNN. GLTA Converge Technology Solutions (CTS TSX) Converge is an IT solutions provider that has grown rapidly both organically and through acquisitions. On Nov. 23, 2022, Converge announced that the board of directors had formed a special committee to evaluate strategic alternatives. We believe there is a high probability the company is sold

[retiredcf]

Forgot to add that he and his family also own the stock personally. GLTA

[Possibleidiot01]

Market Call 1h ago   Jordan Zinberg's Top Picks: February 3, 2023 BNN Bloomberg Jordan Zinberg, president and chief executive officer, Bedford Park Capital FOCUS: Canadian small and mid-cap stocks MARKET OUTLOOK: Equity markets have rallied nicely year to date, with some of the hardest-hit sectors of 2022 outperforming so far in 2023. Risk