M Partners selects QTRH as 1 of 7 top 2022 picks Highlight three catalysts:
1. Expect sale of WiLan for $200M+ In 1H/22
2. Resolution of Apple in 1H/22
3. Deploying cash into ITS businesses and assets.
Believes that the sale of WiLan will enable the company to re-rate to 12-15X multiple and provide liquidity to achieve M&A goals. Says that the magnitude of the ITS acquisition will be highlighted in Q4 financials with ITS representing 80% of revenue.
Very bullish.