RE:RE:CIBC review...target $3 USDAbsolutely.
Even at 2.30$CAN per share, it puts a ZERO value on Wi-Lan which represewnts the bulk of QTRH.
If you value Wi-Lan at a consersative 8 multiple on earnings (trailing 12 monhts), QTRH should be trading closer to 4.00$CAN per share.
If you factor in a conservative cash injection of 200M$US (260M$CAN) from Apple which will happen down the road, that's an extra 2.15$CAN per share in cash and we would be at 6.15$CAN per share.
Any way you slice this cat, it's severely undervalued and it's going only one way (up). No kidding TD and CIBC are scooping up everything they can at these prices. They are no fools.