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  5. CTS: CTS seems to have settled below $5 on the news of a strategic review. [Converge Technology Solutions Corp.]
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Investment Q&A

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Q: CTS seems to have settled below $5 on the news of a strategic review. CIBC comments that it will likely be some kind of private equity buyer. Do you think it is attractive to jump in below $5 here to play the acquisition? Thanks.

Asked by Michael on November 24, 2022
5i Research Answer:

We think it is buyable at current prices. There is of course no guarantee of any deal, but the valuation remains attractive. The stock, even with the bump, is still lower than it was at the start of November.