Bullboard - Stock Discussion Forum Sangoma Technologies Corp T.STC

Alternate Symbol(s): SANG

Sangoma Technologies Corporation is engaged in delivering cloud-based communications as a service solution for companies of all sizes. The Company is a business communications platform provider with solutions that include its unified communications as a service (UCaaS), contact center as a service (CCaaS), communications platform as a service (CPaaS), and trunking technologies. Its enterprise... see more

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TSX:STC - Post Discussion

Sangoma Technologies Corp > A tough pill to swallow

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Post by Torontojay on Jan 27, 2024 7:59am

A tough pill to swallow

It's been almost 3 years and the share price continues to decline. According to yahoo finance, the share price peaked on February 9th 2021 at $38.5. It troughed on November 15th at $3 and there is no indication that it's going to trend higher. Can this be attributed to bad luck or has the market punished them for their failed execution over these years?

I believe the share price will continue to struggle this year and possibly retest the lows experienced on November 15th. Canada's recession is going to be deep and small caps are going to struggle.

2025 may be a more realistic time frame for when we might see a bit of sunshine on the horizon. It's way too early to get excited.

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Comment by Stonksonlyup90 on Jan 27, 2024 12:32pm

I am long on this name so I will take the opposite stance. I don't think the severity of Canada's recession should impact this name. As per Note 19 of the last Qs Financials, 93% of their sales came from the USA - so they are highly correlated to the strength of the US economy (which is significantly stronger than Canada). I do agree that Sangoma overpaid several years ago for ...more

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Comment by Torontojay on Jan 27, 2024 7:16pm

There's nothing wrong with Sangoma as an investment but I don't think the sentiment is there right now. It is true the majority of their revenue is from the US but I'm sure there are a lot of Canadian shareholders too. I don't think Canada's economy is going to rebound anytime soon as long as our country is being run by a bunch of clowns.

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Comment by retiredcf on Jan 30, 2024 10:04am

The bid at $3.70 is large enough to punch out 10 levels of visible Asks without breaking a sweat and could easily take the SP back to $4.00 so at least someone out there is interested. GLTA

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Comment by retiredcf on Jan 30, 2024 11:40am

No question that games are being played here. Now we have 100 share bids at every price from $3.71 to $3.80. Bottom line, no one should be selling their shares at or near the open (or below $4.00 for that matter) as the SP inevitably comes back. GLTA

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