Converge Technology Solutions Corp T.CTS

Whats wrong with CTS?

[Pears3250]

Its trading like garbage. Is there something im missing?

[preytel]

You would think that the director buy of 10 K shares at $3.26 just the other day would show confidence in the company but no? $2.99...

[AlwaysLong683]

1) Too much debt in a higher interest rate and inflationary environment. 2) Goodwill representing 25% of Total Assets. 3) End of strategic review process with a decsion to proceed with business as usual signals that it's likley CTS will be bought out anytime soon (unless they are willing to sell at a bargain basemant price per share) and thus will have to deal with the above two issues

[AlwaysLong683]

Correction to previous post: "....signals that it's likley CTS will be bought out anytime soon..." should have read "...signals that it's unlikely CTS will be bought out anytime soon..."