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Converge Technology Solutions Corp. (CTS.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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6.68+0.11 (+1.67%)
As of 12:26PM EDT. Market open.
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  • M
    Martin
    I’m not happy till we’re above $10 were we belong
  • M
    Mike
    Good thing profit trader took profits at 5.90 🙏
  • m
    mike the cpa
    Donville Kent cane out with a podcast where they said 9% of their fund was Converge. They talked to the CEO last week. Business is booming. Here’s the link:
    https://donvillekent.com/wp-content/uploads/2022/09/20220928-DKAM-Podcast.mp4
  • E
    Ed
    given the numbers this should be a $20 stock.
  • M
    Martin
    Nasdaq keeps going into the red, but we keep staying in the green. You know we a gem.
    Bullish
  • A
    Albi
    Bought 476 shares at 5.90$
    one of the best stocks
  • m
    mike the cpa
    Reason for the pop today: Top Pick by Bruce Campbell on BNN:
    Converge Technology Solutions(CTS-T)
    26/09/2022 at 05:00pm
    They move small/mid-sized businesses into the cloud. Since 2017, they've been growing organically and by 30 acquisitions. They cross-sell and increase the customer base. They are expanding into Europe, most recently buying a company in the UK. Compounded EBITDA growth is 70% and revenue growth is around 50% compounded over the last 3 years. It trades at only 5.5x 2023's EBITDA vs. peers of 8.5-10.5x. He recently re-entered the stock. (Analysts’ price target is $10.31)
  • r
    robert
    Someone knows something 👀
  • M
    Mike
    sweet, makes up for yesterday
  • V
    Victor
    Not even one bit worried about CTS, I just double checked their fundamentals and they are doing great. In fact, in terms of tech they are one of the best companies I've seen. I suspect the only reason they are suppressed now is the macro environment. Given that the fair value should be at least $40, as soon as we get some clarity on when hikes will pause, I have full confidence that this will get back to the $10's at least immediately. Just loaded up today with a long term horizon
  • M
    Martin
    Now that’s more like the CTS I know and like
  • M
    Mike
    CTS bought back well over million shares back under NCIB
  • P
    Poopie
    In a sea of red, one hero stands proud and green. Ready to fight for justice against the evil overlord Jerome Powell.
  • M
    Mike
    cts weathering the storm
  • j
    jonathan
    My only holdings that’s green today. Go CTS!
  • F
    Frederic
    "R. Goff now forecasts that the company will earn $0.06 per share for the quarter, down from their previous estimate of $0.07."
    With a quarter where it is the hardware that sells more than the software and therefore smaller margins, without forgetting the macro context which is catastrophic, it could be complicated for our dear CTS
  • V
    Victor
    Given all the bad news and sour market sentiment these last few weeks, CTS still held strong! I have complete confidence in management :) Hold strong longs!
  • L
    Liam
    Perfect acquisition, will be very easy to double that EBDITA from 9 to 18. They are acquiring a lot in 2022!
  • M
    Mike
    just dont end red, thats all i ask lol
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