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Bullboard - Stock Discussion Forum Pivot Technology Solutions Inc. T.PTG

"Pivot Technology Solutions Inc offers IT solutions to businesses, government, education, and healthcare organizations. It operates through the following segments: ACS, ARC, ProSys, Sigma, TeraMach, Shared services. The company derives the maximum revenue from the ProSys segment which sells storage, server, and IT infrastructure consulting solutions to enterprises. Geographically, it derives... see more

TSX:PTG - Post Discussion

Pivot Technology Solutions Inc. > Mgmt circ on sedar
View:
Post by lscfa on Sep 28, 2020 10:08pm

Mgmt circ on sedar

As expected, Raymond James fairness opinion talks in generalities. If they applied the same EBITDA multiple to Pivot as they do to their buy recommendation on Converge 42.60 would be too low. Frigging hypocrites.
Comment by narmac on Sep 29, 2020 5:35am
,,,,,I still believe this $2.60 is a low ball offer!,,,,,,not sure why competitors havent stepped in. Perhaps we are missing something related to the Intel issue around late chips. Intel has certainly paited itself into the proverbial corner for the next few years. jmo
Comment by lscfa on Sep 29, 2020 9:25am
More DD It appears Echelon downgraded Pivot in April 2020 to speculative buy from buy. (COVID Concerns?) and I believe the target price was dropped to $2.40 CDN.  Raymond James 2021 eps estimate for Converge is $0.29       Pivot Converge Target Price $2.600  ...more  
Comment by lscfa on Sep 29, 2020 9:40am
More info....       Pivot Converge Converge   Echelon Raymond James 4 Analysts Target Price $2.400 $2.800 3.09 2021 eps  ...more  
Comment by hark8 on Sep 29, 2020 7:41pm
I'm holding my shares until the middle of October in the hopes of another offer.  $2.60 is theft! Hark8
Comment by risky on Sep 29, 2020 8:14pm
I'm in no rush to sell either , who knows what will happen, also no insiders have sold any, so I guess they don't need the money either. For me its an extra thousand to sell at 2.55 , but it will be interesting to see if there are other suiters, or just wait it  out. 
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