Peter and David Bereton need a new link in Supply Management Chain

   Tecsys is a company that I have followed for several years.And I have seen it's stock price increase in value.It was involved in hospital and supply chain management.Now it focuses on warehouse and supply chain management.It was founded by and still run by Peter and David Bereton and is headquartered in Montreal.It was recently valued at $17 a share with a market capitalization of $220 million and now sells at $13 a share and a value of $180 million.This blog has  repeatedly called for a change in it's business model.The quarterly reports and press releases give no mention of any of these changes.This could have sent the stock price up if acted upon.
             The Other Stuff
       Warehouse and supply chain management software is a space that is very competitive and filled with very qualified competitors  such as IBM.It is for this reason that this blog has given  suggestions to acquire several small construction companies.As the expertise to do warehouse management software might be used in managing small construction and material handling companies.It is possible that TCS has not relied on these small new companies   such as  Construction Control and Evoko.But it is the position of this blog that revenues and EBITDA will continue to erode without investments in areas where the margins are more healthy.For example, revenues for Q2 and the last 6 months are flat.While EBITDA is down and so is e.p.s.The trend here is daunting.
         Going Forward                      

       Tecsys remains on a plateau;revenues and EBITDA will likely be at the same level as in 2018.While net income and e.p.s are trending down.The price is going to remain at the same level without news of an acquisition.There are unlikely to be any new announcements of new supply chain management software by TCS.IBM and it's competitors create new technology and Tecsys follows.As stated in the title, TCS needs a new link in it's chain.One that can use their existing technology.Without any change Tecsys will remain in a tight range around their present level.                         http://www.caissepopulaire.ca/ .https://www.fool.com/