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Bullboard - Stock Discussion Forum Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions... see more

TSX:QTRH - Post Discussion

Quarterhill Inc > Contra the Heard - QTRH
View:
Post by zaddy647 on May 10, 2023 9:04pm

Contra the Heard - QTRH

April 2023
Quarterhill: Two CEOs Down
 
At Quarterhill, another CEO walks the plank with-
out notice after less than two years at the helm.
 
Having this happen once is concerning, but twice
within two years is a serious problem. Evidently,
this intelligent transportation system company is
not so intelligent when choosing bosses. The big-
gest inference to be drawn here is that there is di-
vision over corporate direction.
 
In the wake of the boardroom drama, the
ticker dropped below $1.40 after flirting with $2.00
for most of February. No surprise there, given the
degree of uncertainty regarding the corporation’s
direction and future strategy.
 
The WiLAN strategic alternative saga con-
tinues, raising concerns about whether value will
be realized for this division. With WiLAN making
up a large portion of total revenues — 47.9% in
2022 — getting sub-par value could spell trouble.
Why management is unable to get a deal done is
unclear, but the questions remain: When will they
sell it? And how much will they get at the end of
this soap opera? In our dreams, it is taking so long
because they are looking to sell the whole shebang.
Yes, we have lots of reveries, but the firm could
just as easily fail to attract a suitor at all.
 
On the bright side, Quarterhill had a positive
2022, is in good financial health, and insiders
scooped up $486,420 in shares over the past 12
months. They achieved their best top line in years
after bringing in $305.7 million, more than doubling
the 2021 haul. This played a major role in turning
the bottom line green. In addition, Quarterhill
made $36.1 million in debt repayments and reduced
overall debt by roughly half.
Quarterhill is a Hold. Last year was solid, the
name is cheap, and the upside appears good, but
the leadership issues and uncertainty around
WiLAN prevent it from being considered a Buy.
Comment by barneyj44 on May 10, 2023 11:32pm
Zaddy647 thanks for Benj's take on Quarterhill. He was one of the better guests on Bnn . Ever since Bloomberg took over the shows gone into the gutter. They keep rehashing the same 5 or 6 Analysts. I'm with Benj on this one, it's a hold and for me it's at least 16 years. I think i need help....Lol
Comment by Joey67 on May 11, 2023 9:58am
This post has been removed in accordance with Community Policy
Comment by cabbieJBJ on May 11, 2023 10:57am
Joey, I share your point on the CEO.  Timeliness and quality are very, very important.  However, I do not share your view on the urgency of the divestment of Wilan.   Here's the "sell Wilan" challenge as I see it. The licensing infrastructure, the Wilan licensing team, has a base value.  That's probably relatively easy to agree on a number. Then there ...more  
Comment by Joey67 on May 11, 2023 11:16am
This post has been removed in accordance with Community Policy
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