RE:RE:RE:Most stocks are up last 30 days… At $2.30 the stock has priced in all the upside. It assumes a $150M sale of WiLan that after fees and taxes will neutralize the debt on the balance sheet.
Then you need a 50% growth in ITS earnings to justify a $270 million market cap for IRD and ETC.
Remember that IRD and ETC were worth $110M in the hands of prior owners. That was Before Quarterhill came along and paid a solid takeover premium for IRD and a pandemic peak stupid premium for ETC.
Reverting back to what Align Capital paid for ETC and the pre takeover price for IRD seems appropriate. That is what $1.10 targets.
Selling WiLan just papers over the huge takeover premium paid for ETC.