RE:Quarterhill: Sum Of Parts Offer Interesting Risk-Rwd ProfileI like the final valuations of $3.5 to $5 a share but how the person gets there is suspect. Biggest mistake is valuing the patent side of the business at book value rather than estimating the future cashflows (other than the conservative estimate of what the Apple win which the person does include). Also gives a $39 million value of the cash on hand and THEN takes off the debt that will be need to finance the recent ETC acquisition.
So, if a proper patent valuation and cash estimate were added to the price targets, conservatively new price targets would be $5-$i7.5.
Chi