RE:RE:RE:Intertraffic Amsterdam interview with MyersYour post on timeline is a very important and pertinent one Socrates. I see a nearer term timeline - 2024-2026 - than you do and that is why I continue to hold. Frankly, I would not hold with your timeline, as there are many better near term opportunities, given the flat-to-declining scenario you offer. You must see the potetnial (you mentioned a $5 buy out) or you would not still be here.
Why do I see a 24-26 timeline?
First and foremost, imo management built work-in-progress credibility through 2023 on both growth and margins and exited the year EBITDA positive. At the quarterly calls management has inferred 2024 growth of 15%+ with continued margin improvement. Shareholders will be able to assess core business performance on these metrics on a quarterly basis, starting with Q1 results which should be released in the next few weeks. With sequential improvements, investors will become confident in the core business growth and attach upside from the new growth areas. Failure to achieve acceptable results in the core businesses will make everything else moot!
The reorganization into a single operating company provides the potential for synergy and revenue growth that also carries higher margins. This should have been put in place 18 months ago and I'm pizzed it did not happen. Just launched, I'll look for results in the back half of this year, with traction in 2025.
Positive performance/improvement in the core businesses is critical as it provides the credibility needed to pursue the two new growth "test marketing" programs recently announced - European expansion and logistics.
All the above is to be considered against a backdrop of active buying of QTRH stock by insiders. Skin in the game is a great barometer of confidence and commitment. While at this point insiders confidence exceeds the general market, that gap could close significanltly throughout 2024.
A major US exchange listing could help expand the investor pool and refresh the coverage, which has become quite stale (largely of QTRH's own making). The option to execute a US listing via a merger with a currently listed stock is still on my list of possible strategies here. The announced move back to USD reporting on QTRH financials says the US listing initiative will happen this year.
Net, net, I don't want to be out on QTRH right now.
We'll agree on the need for greater QTRH updates/transparency and news. While it has zero impacy on QTRH, I'm not in the Trudeau fan club either. With Canada predicted to be a near third world economy for the next ten years, or more, I'm glad QTRH is looking south and global for business growth.