RE:RE:RE:RE:RE:RE:RE:RE:Sidoti & CompanyThe stock has been creeping up in spite of the fact that Q2 is probably not going to be great. So that might be due in part to Q telling their story to institutions.
Or it might just be the market looking ahead to what could be a decent Q3 and huge Q4. Hard to know.
Here's a way to look at it. (We'll leave out the singing frog.)
Suppose Q4 is going to be terrific. WiLAN will have some kind of big news, but even more important, IRD, having digested the two recent acquisitions (plus maybe a 3rd / 4th) will show numbers like never before. Not only will they have the sales of the acquired entities, but the new tech that came with them will have allowed IRD to score contracts that they would never before have been able to compete for.
All of this will make the stock go to . . . say . . . $4.20.
So here's the question. In this scenario will it make any difference if Q was talking to institutions back in June 2021?
I doubt it. The big Q4 result will generate its own excitement. Institutions will be rushing to get up to speed on Quarterhill. An hour or two of analyst work and they'll be just as up on Quarterhill as any institution that met with the company in June 2021.
If management wants to spend 98% of their time building the business and 2% talking to institutions I guess I can live with the 2%. But I would say that anything more than that is probably too much. I can't see how it would do anything to improve what fundamentally matters most: what the Q4 2021 statements look like. And it's those statements that are the real marketing of the stock.