Cormark note Investment Conclusion:
QTRH continues to be a favourite value pick, trading at just 1.1x book value despite a strong cash generating business, a potential large Apple verdict around the corner and a plan to drive significant shareholder value through ITS diversification (could drive a $8-10 stock over 3-4 years). We maintain our buy rating while our target moves to 3.50 from 3.60 (based on 1.5x book value)
At today's price it is basically trading at 1X book value. And is a 2% dividend.