Quarterhill Inc T.QTRH

Sum of the parts in a bear market… how low can it go?

[v_guerriero]

Quarterhill paid...

$63M for IRD (100% cash / shareholder equity)

$75M for ETC (50% cash / shareholder equity)

= $138M for ITS / 118M shares -> $1.17/share

= $138M for ITS / 130M shares (fullly diluted if existing option and new US options plan is approved). -> $1.06 / share

Todd Coupland's downside scenario = $1.00/ share, which also assumes WiLan is worthless.  This is consistent with all PIPCOs.

This is the downside potential in a bear market.  Not saying this is going to happen.  But if you need this money for something, just be aware that there is risk here.  This is not the valuation floor.

[Socrates1]

Please back up your claim........ Your numbers are out............. You are a liar dude.....

[whaler83]

all you include in this breakdown is the ITS businesses. There is still Wilan which could be worth $1/shr. This implies we are trading exactly where we should be for sum of parts. The current price includes no upside

[v_guerriero]

In previous bear markets, QTRH traded below the cash on the balance sheet net of debt.  WiLan was valued at zero. ITS is worth $1.  The problem is the cash is offset by the debt.  So the downside is $1 as Todd suggests.   The fed was very clear yesterday.  One way to get inflation under control is to smack asset prices.  All the fools that have been buying

[Joey67]

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