RE:RE:IRD on Sensor Line SHAME ON YOU Blackspade
You need to be called out for posting misleading information. The quote in your comment, "our goal is to do one acquisition every 12 to 18 months" suggest that this quote is attribuable to Rish Malhotra, the CEO of IRD, when the quote was, in fact, made by Joe Bergera, CEO of Iteris. So you state, "Now Thats keeping the bar low. SP reflects it." suggesting this is why the SP is low. SHAME! For the readers of this board, here is the total of Bergera's comment on thsi issue: So there is a lot of potential out there, but it takes work. Bergera puts it in a slightly more colourful way. He agrees that it makes sense to look at M&A as a ‘continuous process’.
“We're very focused on increasing our scale of operation and M&A is a big part of that,” he says. “Because of the market dynamics, we think it makes sense in terms of creating investor value. So it’s definitely something that we'll continue to focus on – but it's not like a mad dash where we feel like there's a six-month window, and we've got to pick up as many assets as we can before this window closes. That's not the way that we look at it.”
On the basis that Iteris is “always trying to identify new candidates”, there might be up to 50 companies it is considering at any one time. “There may be a couple that are potentially actionable and require more intensive engagement,” he says. “And there may be a couple of those a year where we'll get into some sort of formal due diligence. Out of all that activity, our goal is to do one acquisition every 12 to 18 months.”
Talking about QTRH's Sensor Line acquisition, Malhotra said, “This deal adds fibre optic sensing technology and related applications to IRD’s portfolio of sensors and ITS solutions,” points out IRD President and CEO Rish Malhotra. “IRD, through our parent company Quarterhill is committed to growth and strategic acquisitions. And you're going to see a lot more of that from us going forward.”
Blackspadde, you obviously read the article to puu out the quote yuo posted. Then you totally misrepresented it. What is your agenda? Article link: https://www.itsinternational.com/its2/its4/its5/feature/ma-its-upward-mobility