Quarterhill Inc

QTRH-T

TSE:QTRH

1.70
0.00 (0.00%)
Quarterhill Inc. is a Canadian public technology holding company, based in Ottawa, Ontario. It was founded in 1992 as a wireless technology company. In the mid-2000s, it gradually transitioned into a patent licensing company.
More at Wikipedia

Analysis and Opinions about QTRH-T

Signal
Opinion
Expert
WAIT
WAIT
November 22, 2019
The chart is constructive with higher highs and higher lows. He needs to see a break through resistance just below $2.
Quarterhill Inc (QTRH-T)
November 22, 2019
The chart is constructive with higher highs and higher lows. He needs to see a break through resistance just below $2.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$1.720
Owned
No
BUY
BUY
October 23, 2019

He owns it and likes the 3% dividend. What has changed is the new CEO that he liked that quickly got shown the door. This is on his buy list and they will win a minimum of $10 million in a lawsuit against Apple. Yield 3%

Quarterhill Inc (QTRH-T)
October 23, 2019

He owns it and likes the 3% dividend. What has changed is the new CEO that he liked that quickly got shown the door. This is on his buy list and they will win a minimum of $10 million in a lawsuit against Apple. Yield 3%

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.000
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 16, 2019
(A Top Pick Aug 02/18, Up 4%) Moved into the internet of things. It's a top pick again this time around.
Quarterhill Inc (QTRH-T)
August 16, 2019
(A Top Pick Aug 02/18, Up 4%) Moved into the internet of things. It's a top pick again this time around.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.790
Owned
Yes
TOP PICK
TOP PICK
August 16, 2019

Lost 6 million dollars this past quarter, but the earn out is positive. Looks bad, because they had to pay $10M. The CEO comes from OpenText, and they are looking to make acquisitions. A conservative management team. In court with Apple, and they won. They could win up to $110M. The decision will come out in January. (Analysts’ price target is $4.84)

Quarterhill Inc (QTRH-T)
August 16, 2019

Lost 6 million dollars this past quarter, but the earn out is positive. Looks bad, because they had to pay $10M. The CEO comes from OpenText, and they are looking to make acquisitions. A conservative management team. In court with Apple, and they won. They could win up to $110M. The decision will come out in January. (Analysts’ price target is $4.84)

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.790
Owned
Yes
DON'T BUY
DON'T BUY
August 1, 2019
New management has changed the direction of the company. Payout ratio is too high to likely sustain the dividend. Not a stock he owns. Yield 5%
New management has changed the direction of the company. Payout ratio is too high to likely sustain the dividend. Not a stock he owns. Yield 5%
Robert McWhirter
President, Selective Asset Management
Price
$1.620
Owned
No
BUY
BUY
July 2, 2019

He owns this. They have expanded their patent litigation business. They are currently involved in a case against Apple. They won the first round for $145 million, but are on hold for the next stage. They have virtually no debt, but very lumpy earnings. It is still on his buy list. Yield 3.5%

He owns this. They have expanded their patent litigation business. They are currently involved in a case against Apple. They won the first round for $145 million, but are on hold for the next stage. They have virtually no debt, but very lumpy earnings. It is still on his buy list. Yield 3.5%

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.470
Owned
Yes
SHORT
SHORT
May 31, 2019
He has not been following it recently. They were involved in 4G technology in the past. He actually has a small short position.
He has not been following it recently. They were involved in 4G technology in the past. He actually has a small short position.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$1.500
Owned
No
COMMENT
COMMENT
April 23, 2019
They won a lawsuit against Apple for $145 for the first judgement, then won only $10 for the second judgement, then the judge told them to work it out. They have the lumpiest revenues he's ever seen. They keep doing patent deals, like one this week. Likes the CEO who did lots of takeovers when he ran Open Text. QTRH has no debt and has done a few takeovers. Not successful in creating recurring revenues, but he likes the dividend. Lots of upside here. A good settlement with Apple will really help.
They won a lawsuit against Apple for $145 for the first judgement, then won only $10 for the second judgement, then the judge told them to work it out. They have the lumpiest revenues he's ever seen. They keep doing patent deals, like one this week. Likes the CEO who did lots of takeovers when he ran Open Text. QTRH has no debt and has done a few takeovers. Not successful in creating recurring revenues, but he likes the dividend. Lots of upside here. A good settlement with Apple will really help.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.500
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 19, 2019
(A Top Pick Jan 16/18, Down 41%) They won a $145 million lawsuit against Apple, but the judge marked it down to $10 million minimum and ordered arbitration. This figure is huge for QTRH. The new CEO has done some takeovers in the past 18 months and wants to do more with $58 million cash. Has a clean balance sheet. Their big problem are their lumpy revenues and earnings. This now trades way below book value and offers tremendous upside. They're trying to get recurring revenues. This company will move in the right direction.
Quarterhill Inc (QTRH-T)
February 19, 2019
(A Top Pick Jan 16/18, Down 41%) They won a $145 million lawsuit against Apple, but the judge marked it down to $10 million minimum and ordered arbitration. This figure is huge for QTRH. The new CEO has done some takeovers in the past 18 months and wants to do more with $58 million cash. Has a clean balance sheet. Their big problem are their lumpy revenues and earnings. This now trades way below book value and offers tremendous upside. They're trying to get recurring revenues. This company will move in the right direction.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.280
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 24, 2018
(A Top Pick Dec 08/17, Down 44%) They are patent trolls. They have lumpy earnings quarter to quarter. Recently they have been losing money. They moved partly to the Internet-Of-Things. They won a big suit against AAPL-Q but they are appealing it. Legislation has made it hard for a company to be a patent troll now.
Quarterhill Inc (QTRH-T)
December 24, 2018
(A Top Pick Dec 08/17, Down 44%) They are patent trolls. They have lumpy earnings quarter to quarter. Recently they have been losing money. They moved partly to the Internet-Of-Things. They won a big suit against AAPL-Q but they are appealing it. Legislation has made it hard for a company to be a patent troll now.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.190
Owned
Yes
TOP PICK
TOP PICK
December 24, 2018
They have been getting so many licenses that it should help with revenues going forward. It pays a dividend that is pretty good at this level. They will be looking to do some takeovers that are accretive. It could quadruple, depending on the law suits they are dealing with, especially AAPL-Q. (Analysts’ price target is $2.08)
Quarterhill Inc (QTRH-T)
December 24, 2018
They have been getting so many licenses that it should help with revenues going forward. It pays a dividend that is pretty good at this level. They will be looking to do some takeovers that are accretive. It could quadruple, depending on the law suits they are dealing with, especially AAPL-Q. (Analysts’ price target is $2.08)
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.190
Owned
Yes
WAIT
WAIT
November 29, 2018
A name he wants to like but their results are so volatile that are very difficult to gauge. They just won a decision against Apple so probably will have some cash going their way. He prefers to wait until they show some consistent cash-flows. (Analysts’ price target is $2.08)
Quarterhill Inc (QTRH-T)
November 29, 2018
A name he wants to like but their results are so volatile that are very difficult to gauge. They just won a decision against Apple so probably will have some cash going their way. He prefers to wait until they show some consistent cash-flows. (Analysts’ price target is $2.08)
Ryan Modesto
Managing Partner, 5i Research
Price
$1.420
Owned
_N/A
HOLD
HOLD
October 26, 2018

Hasn't looked at this closely. They were planning to make some acqusitions and be more of a holding company, then they had a bump when they reached some settlements with Apple, which is contesting those settlements. The stock looks cheap, but he's not big on holding companies. Don't sell now; it's too cheap and holding on better than most stocks in the current downturn. It's a defensive position. If they get the money from Apple, it should move up nicely. He doesn't own this stock, because it's too small.

Quarterhill Inc (QTRH-T)
October 26, 2018

Hasn't looked at this closely. They were planning to make some acqusitions and be more of a holding company, then they had a bump when they reached some settlements with Apple, which is contesting those settlements. The stock looks cheap, but he's not big on holding companies. Don't sell now; it's too cheap and holding on better than most stocks in the current downturn. It's a defensive position. If they get the money from Apple, it should move up nicely. He doesn't own this stock, because it's too small.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$1.680
Owned
No
PAST TOP PICK
PAST TOP PICK
October 22, 2018

(A Top Pick Nov. 3/17, Down 35%) He likes management and had a long chat with them recently. They are cautious in terms of who they are going to take over. They have cash in the bank. They recently won a lawsuit with APPL-Q, who are going to appeal. They have other lawsuits going on at present and they could win a number of them. They have lumpy revenue. He has it on the buy list and is quite comfortable with it. They have no debt.

Quarterhill Inc (QTRH-T)
October 22, 2018

(A Top Pick Nov. 3/17, Down 35%) He likes management and had a long chat with them recently. They are cautious in terms of who they are going to take over. They have cash in the bank. They recently won a lawsuit with APPL-Q, who are going to appeal. They have other lawsuits going on at present and they could win a number of them. They have lumpy revenue. He has it on the buy list and is quite comfortable with it. They have no debt.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.580
Owned
Yes
WATCH
WATCH
September 24, 2018

They still generate a lot of cash flow from their patents. New management has a new strategy. They made acquisitions last year to diversify. They seem to be implementing a software roll up strategy. Hang on if you own it, otherwise wait a few quarters to see exactly what the strategy will be.

Quarterhill Inc (QTRH-T)
September 24, 2018

They still generate a lot of cash flow from their patents. New management has a new strategy. They made acquisitions last year to diversify. They seem to be implementing a software roll up strategy. Hang on if you own it, otherwise wait a few quarters to see exactly what the strategy will be.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$1.860
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
August 2, 2018

(A Top Pick Sep 26/17, Up 10%) They just won a huge law suit against AAPL-Q and the stock is up a lot today. He would not count it as money in the bank as AAPL-Q is going to appeal. This company may also win other suits in progress. They have lots of money in the bank and no debt.

(A Top Pick Sep 26/17, Up 10%) They just won a huge law suit against AAPL-Q and the stock is up a lot today. He would not count it as money in the bank as AAPL-Q is going to appeal. This company may also win other suits in progress. They have lots of money in the bank and no debt.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.780
Owned
Yes
TOP PICK
TOP PICK
August 2, 2018

$4.84 is his sell target. The volume has skyrocketed. It could become a momentum play and a growth play as well as what they are doing with the patents.

$4.84 is his sell target. The volume has skyrocketed. It could become a momentum play and a growth play as well as what they are doing with the patents.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.780
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 21, 2018

(A Top Pick Aug. 14/17, Down 6%) They have done three takeovers of some size over the last year. Last quarter they lost about 12 million. He suspects there will be better news going forward. In the States, legislation is against them now. You have to be ready for quite a roller coaster ride.

(A Top Pick Aug. 14/17, Down 6%) They have done three takeovers of some size over the last year. Last quarter they lost about 12 million. He suspects there will be better news going forward. In the States, legislation is against them now. You have to be ready for quite a roller coaster ride.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.540
Owned
Yes
DON'T BUY
DON'T BUY
May 18, 2018

Take the money and run. They will lose 12 cents in 2018, and lose 5 cents in 2019. There are better opportunities.

Take the money and run. They will lose 12 cents in 2018, and lose 5 cents in 2019. There are better opportunities.

Robert McWhirter
President, Selective Asset Management
Price
$1.760
Owned
Unknown
HOLD
HOLD
May 2, 2018

Was previously Wi-Lan. The balance sheet, revenues and margins are all pretty good, but it seems to still be a show-me stock. They have had screw ups over the past 10 years, but they seem to be getting on track. He thinks they need to see an acquisition to get things going.

Was previously Wi-Lan. The balance sheet, revenues and margins are all pretty good, but it seems to still be a show-me stock. They have had screw ups over the past 10 years, but they seem to be getting on track. He thinks they need to see an acquisition to get things going.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$2.040
Owned
No
PAST TOP PICK
PAST TOP PICK
April 18, 2018

(A Top Pick April 3/17 Down 21%) This was previously Wi-Lan. It lost $12 million last quarter, but with $49 million in cash flow. They have done three material takeovers on the last year. This company will be in expansion mode and he continues to like it as a turnaround candidate.

(A Top Pick April 3/17 Down 21%) This was previously Wi-Lan. It lost $12 million last quarter, but with $49 million in cash flow. They have done three material takeovers on the last year. This company will be in expansion mode and he continues to like it as a turnaround candidate.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.910
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
April 6, 2018

They are trying to re-make their brand. It looks cheap and the balance sheet looks pristine. There is not much downside, but he continues to sit on the sidelines as it is still a bit expensive.

They are trying to re-make their brand. It looks cheap and the balance sheet looks pristine. There is not much downside, but he continues to sit on the sidelines as it is still a bit expensive.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$1.850
Owned
No
BUY
BUY
February 27, 2018

(A Top Pick April 3, 2017. Down 14.04%). This is one of his top picks again today. The company has morphed. It has gone into the internet of things, has made acquisitions (available cash has gone down from 100 million to 35-40 million). They have a new CEO who was very successful at Open Text. Their earnings will probably be less lumpy. Last quarter, their revenues were 85 million, compared to 90 million for last year. The improvement is huge. The stock went up to some degree but came back.

Quarterhill Inc (QTRH-T)
February 27, 2018

(A Top Pick April 3, 2017. Down 14.04%). This is one of his top picks again today. The company has morphed. It has gone into the internet of things, has made acquisitions (available cash has gone down from 100 million to 35-40 million). They have a new CEO who was very successful at Open Text. Their earnings will probably be less lumpy. Last quarter, their revenues were 85 million, compared to 90 million for last year. The improvement is huge. The stock went up to some degree but came back.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.170
Owned
Yes
TOP PICK
TOP PICK
February 27, 2018

This is a former patent troll. The company has morphed. It has gone into the internet of things, has made acquisitions (available cash has gone down from 100 million to 35-40 million). He is concerned that they might blow their cash on new takeovers and concerned about the risk of heavy writedowns if they do too many takeovers. They have a new CEO who was very successful at Open Text. Their earnings will probably be less lumpy. Last quarter, their revenues were 85 million, compared to 90 million for last year. The improvement is huge. They pay a small dividend and will report results very soon. (Analysts’ price target is 3.00$)

Quarterhill Inc (QTRH-T)
February 27, 2018

This is a former patent troll. The company has morphed. It has gone into the internet of things, has made acquisitions (available cash has gone down from 100 million to 35-40 million). He is concerned that they might blow their cash on new takeovers and concerned about the risk of heavy writedowns if they do too many takeovers. They have a new CEO who was very successful at Open Text. Their earnings will probably be less lumpy. Last quarter, their revenues were 85 million, compared to 90 million for last year. The improvement is huge. They pay a small dividend and will report results very soon. (Analysts’ price target is 3.00$)

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.170
Owned
Yes
TOP PICK
TOP PICK
January 16, 2018

A patent troll, and has done a deal with Samsung, Kyocera and just bought a bunch of patents from Panasonic. They've expanded into the Internet of things and did 2 big takeovers last year, which meant their cash hoard went down from $100 million to $40 million. Just hired David Parker, a Senior VP at OpenText, and under him have done $2.5 billion of acquisitions. Thinks this is in an expansion mode. They've earned about $22 million. Dividend yield of 2.2%. (Analysts' price target is $3.)

Quarterhill Inc (QTRH-T)
January 16, 2018

A patent troll, and has done a deal with Samsung, Kyocera and just bought a bunch of patents from Panasonic. They've expanded into the Internet of things and did 2 big takeovers last year, which meant their cash hoard went down from $100 million to $40 million. Just hired David Parker, a Senior VP at OpenText, and under him have done $2.5 billion of acquisitions. Thinks this is in an expansion mode. They've earned about $22 million. Dividend yield of 2.2%. (Analysts' price target is $3.)

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.340
Owned
Yes
TOP PICK
TOP PICK
December 8, 2017

Has a new CEO who had done really well with Open Text. The company just had record earnings. Dividend yield of 2.4%. (Analysts’ price target is $3.)

Quarterhill Inc (QTRH-T)
December 8, 2017

Has a new CEO who had done really well with Open Text. The company just had record earnings. Dividend yield of 2.4%. (Analysts’ price target is $3.)

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.150
Owned
Yes
TOP PICK
TOP PICK
November 24, 2017

Revenues last year were $93 million. Last quarter, they were $85 million. Made about $22 million, and the stock price, which he thought would really jump, came down. One of the reasons could be that a bulletin board “Stock House” had said he had “pumped and dumped” this stock, which is something he never does. Dividend yield of 2.3%. (Analysts’ price target is $2.75.)

Quarterhill Inc (QTRH-T)
November 24, 2017

Revenues last year were $93 million. Last quarter, they were $85 million. Made about $22 million, and the stock price, which he thought would really jump, came down. One of the reasons could be that a bulletin board “Stock House” had said he had “pumped and dumped” this stock, which is something he never does. Dividend yield of 2.3%. (Analysts’ price target is $2.75.)

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.170
Owned
Yes
COMMENT
COMMENT
November 14, 2017

When they changed, he thought they might be able to get rid of the WiLan issues. They couldn’t put a consistent quarter together if their life depended on it. The quarter before, blew out estimates because they had some really big settlements with patent litigations. However, the recent quarter was not great, missing estimates and not doing what people expected. A pretty cheap company. Diversifying into an Internet of Things company, and he kind of likes the space they are trying to get into. It’s very hard to get excited about this company.

Quarterhill Inc (QTRH-T)
November 14, 2017

When they changed, he thought they might be able to get rid of the WiLan issues. They couldn’t put a consistent quarter together if their life depended on it. The quarter before, blew out estimates because they had some really big settlements with patent litigations. However, the recent quarter was not great, missing estimates and not doing what people expected. A pretty cheap company. Diversifying into an Internet of Things company, and he kind of likes the space they are trying to get into. It’s very hard to get excited about this company.

Ryan Modesto
Managing Partner, 5i Research
Price
$2.110
Owned
Unknown
TOP PICK
TOP PICK
November 3, 2017

Still a patent troll. That’s all they did until towards the end of last year. Took over 2 companies, both in the Internet of Things, so their cash hoard went down from over $100 million, to about $45 million. It eventually went under his "Buy-in" price, but since then they’ve been going like gangbusters. Last year, for the full year, revenues were $93 million. Last quarter, revenues were $19 million. Announced revenues for this quarter are going to be $73-$83 million. Dividend yield of 2.1%. (Analysts' price target is $3.)

Quarterhill Inc (QTRH-T)
November 3, 2017

Still a patent troll. That’s all they did until towards the end of last year. Took over 2 companies, both in the Internet of Things, so their cash hoard went down from over $100 million, to about $45 million. It eventually went under his "Buy-in" price, but since then they’ve been going like gangbusters. Last year, for the full year, revenues were $93 million. Last quarter, revenues were $19 million. Announced revenues for this quarter are going to be $73-$83 million. Dividend yield of 2.1%. (Analysts' price target is $3.)

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.490
Owned
Yes
DON'T BUY
DON'T BUY
October 12, 2017

They are in the patent business. It tends to be lumpy. They have a good quarter in defending patents and then another where the stock pulls back. It frustrates him from a trading perceptive.

Quarterhill Inc (QTRH-T)
October 12, 2017

They are in the patent business. It tends to be lumpy. They have a good quarter in defending patents and then another where the stock pulls back. It frustrates him from a trading perceptive.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$2.190
Owned
No
TOP PICK
TOP PICK
September 26, 2017

Made a major change after he bought into it. They’ve moved from being a “patent troll” and into the Internet of Things. They’ve done takeovers and has over $100 million in cash. What they are doing may work out. It is very early in the game. Dividend yield of 3.1%. (Analysts’ price target is $2.50.)

Quarterhill Inc (QTRH-T)
September 26, 2017

Made a major change after he bought into it. They’ve moved from being a “patent troll” and into the Internet of Things. They’ve done takeovers and has over $100 million in cash. What they are doing may work out. It is very early in the game. Dividend yield of 3.1%. (Analysts’ price target is $2.50.)

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.660
Owned
Yes
TOP PICK
TOP PICK
August 14, 2017

Used to be WIN-T. They are looking at being a holding company for the Internet of Things. Their recent quarterly earnings were good – they made money. They have a good balance sheet and pay a dividend. (Analysts’ target: $2.50).

Quarterhill Inc (QTRH-T)
August 14, 2017

Used to be WIN-T. They are looking at being a holding company for the Internet of Things. Their recent quarterly earnings were good – they made money. They have a good balance sheet and pay a dividend. (Analysts’ target: $2.50).

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.700
Owned
Yes
BUY
BUY
June 8, 2017

It is the old WiLan. He thinks they dramatically overpaid when they bought into two companies. This is going to use up a lot of their cash. It is on his buy list, but he is skeptical.

It is the old WiLan. He thinks they dramatically overpaid when they bought into two companies. This is going to use up a lot of their cash. It is on his buy list, but he is skeptical.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.900
Owned
Yes
COMMENT
COMMENT
May 25, 2017

This still has its patent litigation, but has now deployed some capital into buying a couple of other companies. It is going to become a holding company. Recently bought International Road Dynamics and one other company. Thinks they are trying to transform the company, so there will probably be a turnover in terms of shareholders. There will probably be a discount to the sum of its parts.

This still has its patent litigation, but has now deployed some capital into buying a couple of other companies. It is going to become a holding company. Recently bought International Road Dynamics and one other company. Thinks they are trying to transform the company, so there will probably be a turnover in terms of shareholders. There will probably be a discount to the sum of its parts.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$1.880
Owned
Unknown
TOP PICK
TOP PICK
April 3, 2017

He doesn’t really like what they do because he doesn’t like litigation. WIN-T is involved in about 60 law suits. But they have had a lot of success. They have zero debt and a lot of cash. He thinks they can double from this point on. (Analysts’ target: $4.41).

He doesn’t really like what they do because he doesn’t like litigation. WIN-T is involved in about 60 law suits. But they have had a lot of success. They have zero debt and a lot of cash. He thinks they can double from this point on. (Analysts’ target: $4.41).

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.550
Owned
Yes
BUY
BUY
April 3, 2017

It is a choppy chart. It looks like it has been attempting to break out.

It is a choppy chart. It looks like it has been attempting to break out.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$2.550
Owned
Unknown
BUY
BUY
February 28, 2017

Just put up a massive quarter that beat everybody’s expectation, and the stock moved up quite a bit. When you look at it on any metric, it looks super cheap. Trading at $2.35 and they have $1 a share in cash. Will probably do $40-$50 million in cash flow this year, but will probably be lumpy. Beat expectations by quite a bit this quarter, but three quarters ago they missed expectations. It depends on when deals get signed. He feels comfortable with this. Has a great balance sheet. He wouldn’t hesitate to buy this here, especially on a quarter where they miss.

Quarterhill Inc (QTRH-T)
February 28, 2017

Just put up a massive quarter that beat everybody’s expectation, and the stock moved up quite a bit. When you look at it on any metric, it looks super cheap. Trading at $2.35 and they have $1 a share in cash. Will probably do $40-$50 million in cash flow this year, but will probably be lumpy. Beat expectations by quite a bit this quarter, but three quarters ago they missed expectations. It depends on when deals get signed. He feels comfortable with this. Has a great balance sheet. He wouldn’t hesitate to buy this here, especially on a quarter where they miss.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$2.370
Owned
Yes
COMMENT
COMMENT
December 29, 2016

A name he wishes he had never come across. Made a lot of money with one of their rivals, Mosaid. You never know what percentage of lawsuits they are going to win. He had put money into this, but it turned out to be an absolute disaster. There is not the transparency and have not delivered in the courtrooms.

Quarterhill Inc (QTRH-T)
December 29, 2016

A name he wishes he had never come across. Made a lot of money with one of their rivals, Mosaid. You never know what percentage of lawsuits they are going to win. He had put money into this, but it turned out to be an absolute disaster. There is not the transparency and have not delivered in the courtrooms.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$2.180
Owned
No
BUY
BUY
September 29, 2016

He has not been involved for a while except for buying a lot at the beginning of the year and he sold half at the high. They just missed on the last quarter. He thinks they can sign more companies. The overall market is coming back to some of these names. This is a good entry point.

Quarterhill Inc (QTRH-T)
September 29, 2016

He has not been involved for a while except for buying a lot at the beginning of the year and he sold half at the high. They just missed on the last quarter. He thinks they can sign more companies. The overall market is coming back to some of these names. This is a good entry point.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$2.070
Owned
Yes
WATCH
WATCH
September 2, 2016

Known as a patent troll, and will sue people with their patent portfolio, their primary source of revenue. It is a really cheap stock at 3.5X Price to Free Cash Flow, and 1.8X EB to EBITDA, .8 to BV. It is hard to find companies that have metrics this cheap. He wants this to find a bottom and some support before he goes Long.

Quarterhill Inc (QTRH-T)
September 2, 2016

Known as a patent troll, and will sue people with their patent portfolio, their primary source of revenue. It is a really cheap stock at 3.5X Price to Free Cash Flow, and 1.8X EB to EBITDA, .8 to BV. It is hard to find companies that have metrics this cheap. He wants this to find a bottom and some support before he goes Long.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$2.220
Owned
No
COMMENT
COMMENT
August 3, 2016

He dropped coverage on this company, because of the mass of inconsistencies they had in terms of their earnings report. They would come out with a quarter and spend $10 million on litigation fees, and their revenues would drop and earnings would not be what he expected. It went on a big run, until they missed their quarter very, very badly. He would rather have a company that is not inconsistent.

He dropped coverage on this company, because of the mass of inconsistencies they had in terms of their earnings report. They would come out with a quarter and spend $10 million on litigation fees, and their revenues would drop and earnings would not be what he expected. It went on a big run, until they missed their quarter very, very badly. He would rather have a company that is not inconsistent.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$2.360
Owned
No
HOLD
HOLD
July 20, 2016

(Market Call Minute.)

(Market Call Minute.)

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$3.310
Owned
Yes
HOLD
HOLD
June 30, 2016

(Market Call Minute) The business is lumpy and volatile.

(Market Call Minute) The business is lumpy and volatile.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$3.280
Owned
No
SELL
SELL
June 29, 2016

Used to own this and did well for a number of years, and then the bottom fell out. Management sort of lost credibility of his eyes. A huge Index fund sold all their shares, which drove it down, but it has had quite a rebound from the lows. They cut a lot of costs and it is probably being managed a little more responsibly now. Doesn’t think it is a big bargain. In a tough sector. If you made some money, he would take it and run.

Used to own this and did well for a number of years, and then the bottom fell out. Management sort of lost credibility of his eyes. A huge Index fund sold all their shares, which drove it down, but it has had quite a rebound from the lows. They cut a lot of costs and it is probably being managed a little more responsibly now. Doesn’t think it is a big bargain. In a tough sector. If you made some money, he would take it and run.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$3.400
Owned
No
COMMENT
COMMENT
June 20, 2016

You can’t actually predict where this company is going to go. Revenue is very lumpy. They win patent disputes and license it out to them, getting cash flows from that. It has been very up and down over the years, and right now it is on an upswing, and trading at something crazy cheap like 3X EBITDA. He can’t get his head around the business or the predictability of it, so has stayed away.

You can’t actually predict where this company is going to go. Revenue is very lumpy. They win patent disputes and license it out to them, getting cash flows from that. It has been very up and down over the years, and right now it is on an upswing, and trading at something crazy cheap like 3X EBITDA. He can’t get his head around the business or the predictability of it, so has stayed away.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$3.390
Owned
No
BUY
BUY
May 30, 2016

When nobody talks about a stock it can be a positive thing. It is how you make the greatest fortunes. This is another one that has broken out from a downtrend. It has popped off its consolidation. It may be done with its rally, but he would say it is a good spot to add to your position.

When nobody talks about a stock it can be a positive thing. It is how you make the greatest fortunes. This is another one that has broken out from a downtrend. It has popped off its consolidation. It may be done with its rally, but he would say it is a good spot to add to your position.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$3.700