Professional
Added to YB: 2024-11-26
Pitch date: 2024-11-19
CVG [bullish]
Convergys Corporation
Author Info
No bio for this author
Company Info
Convergys Corporation provides customer care, analytics, tech support, collections, home agency, and end-to-end selling services to customers in the United States and internationally.
Market Cap
$2.2B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
33.25
EV/Sales
N/A
Sector
Commercial Services and Supplies
Category
turnaround
180 Degree Capital Corp Portfolio Holding: Convergys Corporation
CVG: New CEO rationalizing biz, divesting non-core assets, focusing on electrical systems. 2024 Class 8 truck market better than projected. Construction/Ag markets soften, causing miss & reduced guidance. -16.2% drop, 180 wt.%. Yield: 3.3% pre-report, 2.5% post. Catalysts: market improvement, cost cuts, new wins.
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