RE:RE:RE:RE:What is ironic The threat of disruption is real in any industry. I just don't see disrupters going hard at a low margin, back office tolling businesses.
But this is my problem with it all along. They paid high tech valuations for a hardware sales business that is tied closely to the business cycle. Align Capital and their bankers convinced Quarterhill that it was a tech company because tolling information is stored in the cloud.
Kind of like WeWork convincing investors to value it as a tech company and not as a real estate subletting company.
But align capital earned a 150% premium and a 700% Return on Invested Capital in doing so in one year.
And retail shareholders are left holding the bag (in the form of goodwill) for Quarterhill pretending they were a private equity firm.