RE:RE:Quarterhill 1st quarter results to be released on May 12 The round trip back to pre-Apple announcement is already complete this morning at 2.18.
I told you all this would happen. Cannacord told you this was now fully valued when it was 2.50.
The fools on this board thought this could be a $3+ stock.
Now it should match all the ITS firms that have already hit 52 weeks and multi year lows.
Itiris has $30M cash and a market cap of $100M... meaning a value of $70M net of cash. They are trading at 0.5X sales and they also only have an 8% EBITDA margin. Matching that Quarterhill ITS has another 50% to compress its valuation to match ITI.
Quarterhill could also use its double valuation to issue 30 million shares to buy them with the cash on hand at a 50% premium to current market price.