RE:sp $5 would be great to see by Christmas!
QTRH does have a history of doing nothing for a while and then surges upwards out of nowhere. I've said before to look at the price / volume action consistent with the 2008 run up. It is following it very closely.
In each of the runups there was a catalyst.
There has been steady accumulation at the 2.50-2.70 range, I presume of investors looking for that double to $5.
The major catalysts I could see are
- a deal with Apple
- another major signing or two (like Intel or Kingston) that drives a re rating of WiLans ability to generate cash flow and for investors to price in the ability to sign the $Billion dollar licensing opportunity that CIBC highlights
- A major portfolio restructuring, with Quarterhill retaining the Apple lawsuit and selling WiLan for 300-500M to a PE firm and buying a major ITS company. This would drive a huge re rating in the company from cash inflow and trade at tech company P/E multiples.
I see 3.50 without any of the above and just recognition that trading at 3X Enterprise value and 1X book value is absurdly cheap.