RE:Insider buy - transaction date 13-SEP-2022Great to see. I very much doubt Mr. Lewis is buying in bulk just to put on a show for us little shareholders.
I also doubt there's anyone better qualified with regard to M&A value in ITS. From his bio (Q website):
"From 1986 to 1994, Mr. Lewis owned and led Syntonic Technology (the predecessor company to Transcore, an ITS company that provides electronic toll collection systems). In 1994, he sold that business to Science Applications International Corporation, renamed it Transcore and was its CEO until its sale to private interests in 1999, after which he remained on the Transcore board of directors until 2005. Subsequently, Transcore was purchased by Roper Industries who have announced that it will be sold in early 2022 for US$2.68 Billion."
Note that Roper bought Transcore in 2004 for US$600 million. So there's quite a history of increasing value there.
And now Rusty Lewis is buying shares in Quarterhill.
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This reminds me of a famous scene from "It's a Wonderful Life." (Apologies to Mr. Lewis in so far as I'm drawing a parallel between him and the movie's villain. Can't be avoided in this instance.)
So the Building & Loan is facing a bank run by the frightened customers in the midst of the Great Depression. Turns out the evil Mr. Potter is willing to buy all their shares at 50 cents on the dollar. Building & Loan President (and hero of the film) George Bailey is standing before the frightened depositors, imploring them not to sell out to Mr. Potter. And then he adds:
"Don't you see what's happening? Potter isn't selling! Potter's buying! Because we're panicking and he isn't!"
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VG, I'll be waiting for your detailed explanation as to why and how Mr. Lewis has it all wrong.