It’s time to celebrate some wins today for Peterson Capital pubco clients, our IAs and their retail clients.
We have a bit of a trifecta going this morning – here are three things we thought You Should Know today, that are providing us with some bragging rights material;
1. Converge and diverge – two different outcomes for two tech stories: one a Peterson Capital client that has been a huge winner for our IAs and their clients, and a second, more well-known story, that has had a completely different outcome.
Converge Technology Solutions (CTS-T) closed at $3.53 yesterday, and has been seeking a buyer for the past several months. This morning, they found one, with a takeover bid at $5.50. This is not only a big win today, this company has consistently communicated through us with our IA network on the ups and downs and guidance over the past several years. As a result, our IAs have been trading this story consistently over the past 36 months, and to great success.
My email Inbox is flooded with morning with messages from very happy IAs. Huge kudos to Shaun Maine, Greg Berard and the whole CTS team for a great outcome – and thanks for being such an amazing Peterson Capital client.
On the other hand, we have Lightspeed (LSPD-T) which has been trying to find a buyer, failed, and shareholders have paid the price. As you can see below. We’ve never worked with Lightspeed.
