Quarterhill Inc T.QTRH

And it begins… new analyst coverage 3.80 target

[v_guerriero]

Raymond James compelling initiating coverage report released after market close.  $3.80 outperform target.

Quarterhill - reinvented - ETC was worth the wait
- highlight that ETC would double their revenues by just winning their historical share of current pipeline.  wow!  
- values WiLan at 1.67 / share implying ITS business is only worth 4X EBITDA.  

- very bullish on ITS.  Believes QTRH is very undervalued.  Assumes a 50% chance of settlement with Apple.

[mrmoribund]

I guess I got that one right. I figured there had to be new analyst coverage coming. That said, I didn't imagine for a moment that it was coming the very next day. Other banks / brokers will get on board soon enough.

[v_guerriero]

A report like this isn't made overnight.  It takes weeks and tons of management time to engage with the analyst.  This is all pre-planned. This implies that management is focused on creating shareholder value now.  Paul Hill is the real deal.

[cabbieJBJ]

Thanks vg. I wouldn't be surprised if there are not at least 2 more brokers initiating coverage prior to the Q3 conference call. I had the opportunity to talk with Paul several weeks ago and I agree he is the real deal. He communicates direction and delivers. Do you have the complete analysis? If so, could you post?

[v_guerriero]

It is a PDF and can't post it.  It is 40 pages with lots of charts and analysis. All I can say is that it is a very excellent overview of the businesses and future prospects.  I shared with you all the really big takeaways is a view in the fact that ETC revenue could double from 100->200M from just winning the historical share of the CURRENT pipeline.  And they view that is

[100mill]

V_guerriero, Raymond James $75 million USD may reflect more than an Apple settlement. It may reflect the legal contingency fee. On this board, the estimates of the legal contingency fee have ranged from 10% to 30% of the award. If you take the high estimate (30%), it would mean that Quarterhill nets $76.3 million USD if CAFC confirms the $109 million USD award for the Iphone 6 and 7 phones

[cabbieJBJ]

vg, thx for posting that additional color from the Raymond James initiating coverage analysis.

[Socrates1]

Yes, hold on to your shares! The results are in the bid....... ask 2.70 The word is getting out! Could see 3 bucks sooner than expected. 

[whaler83]

This is setting up nicely for 2021. Some of us longs well deserve this. We've been through it all; Government intervention to our business model, attacks from large multinational tech companies on our business model, dividend cuts, strategic reviews etc, etc, etc.

[whaler83]

Link?