Converge Technology Solutions Corp T.CTS

Need That Buyout IMO.....

[AlwaysLong683]

LSPD reported earnings this morning:

From BNN Bloomberg:

Lightspeed Commerce posted  a $814.8 million net loss in its third quarter, driven in large part by a non-cash goodwill impairment charge of $748.7 million tied to the decline in the valuation of tech companies.

CTS's Goodwill item on their Balance Sheet as at September 30, 2022 is 25% of their total assets. I highly doubt this represents the fair current market value of all the premiums to the net asset values CTS paid to acquire all the tech companies they've purchased to date. 

Last year, CTS's Q4 numbers were released March 22. Wonder if an impairment adjustment will be made at that time if  the company isn't sold....?

[AlwaysLong683]

Recent Michael Burry Tweets of "The Big Short" fame (Christian Bale's character in the movie). Predicted the 2007-2008 financial crisis and shorted the mortgage market making billions for his hedge fund clients. Predicted Tesla's big price drop last year. Predicted the decimation of Cathie Wood's ARK Innovation ETF last year. Suspects this is a bear market rally, comparing

[AlwaysLong683]

Ooops. Second tweet didn't appear. Try again.

[retiredcf]

For the sake of your health Always, if you are that worried then instead of posting a series of negative info, perhaps you should just sell and move along. GLTA

[AlwaysLong683]

So, who's a Bull and who's a Bear......? 2023 will be a very interesting year in the markets.

[AlwaysLong683]

Get that buyout. Latest from Michael Burry

[Mephistopheles3]

Michael Burry also posted a tweet yesterday before the Fed meeting "Sell"..  we are up 4% since yesterday and he deleted his account. Broken clocks are always right twice a day.   LSPD and CTS are very different companies and have very different acquisition strategies.  Despite us saying that CTS is "tech", the majority of their revenue is derived from