TSX:CTS - Post Discussion
Post by
Digger0144 on Apr 09, 2024 5:30pm
Normal Course Issuer Bid...Alive and Well!
The transformation continues...positive cash flow...one of the healthy signs of a balance sheet.
Management was busy in the last week of March, 2024.
They bought back 400,000 shares in a range from $5.70-$5.92...for the period March 22, 2024 to March 28, 2024. There might of been more earlier in the Month.
I will post a link to a free site namely, Canadian Insider. They post the last 10 SEDI Filings...again there may of been more in the post period. Converge Technology Solutions Corp. CTS Stock Quotes and Insider News | Canadian Insider In early May, 2024 we will get the facts regarding positive cash flow for the first quarter of 2024...I do expect that the numers will be substantially subdued from those of the second half of 2023...but..they should be good!
I began building a position yesterday...the consolidation period has been very healthy and very much expected in my opinion...I did sell my entire position just above $6.00 a share.
The break out point seems to be around the $6.00..that is where the resistance seems to be...any significant break out above that will be very bullish.
Stay Tuned!
All the Best!
Digger0144
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