Quarterhill Inc

QTRH-T

TSE:QTRH

2.05
0.01 (0.49%)
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.
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Analysis and Opinions about QTRH-T

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TOP PICK
TOP PICK
February 19, 2020

A lawsuit with Apple resulted in $85.3 million settlement in their favour, but it is not all settled yet -- it could take years. All three of their divisions are earning well, but earnings are lumpy. Earnings come out February 27. They are searching for a new CEO. They have $70 million in the bank, which may lead to a special dividend. Yield 2.66% (Analysts’ price target is $2.43)

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Quarterhill Inc (QTRH-T)
February 19, 2020

A lawsuit with Apple resulted in $85.3 million settlement in their favour, but it is not all settled yet -- it could take years. All three of their divisions are earning well, but earnings are lumpy. Earnings come out February 27. They are searching for a new CEO. They have $70 million in the bank, which may lead to a special dividend. Yield 2.66% (Analysts’ price target is $2.43)

HOLD
HOLD
January 31, 2020
Last Friday they announced an $85 million settlement with Apple over litigation. It was estimated to held the balance sheet by $0.70 per share. He thinks the stock should still be 10% higher. They have other patents in-house they should be able to monetize in the future.
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Quarterhill Inc (QTRH-T)
January 31, 2020
Last Friday they announced an $85 million settlement with Apple over litigation. It was estimated to held the balance sheet by $0.70 per share. He thinks the stock should still be 10% higher. They have other patents in-house they should be able to monetize in the future.
COMMENT
COMMENT
January 23, 2020
They are still sitting on a lot of cash. They are still in a patent litigation. It has not done a whole lot and last year it finally went up. Legal fees were a big drag on this company and they have reduced this. It is not a bad name but it is not that great.
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Quarterhill Inc (QTRH-T)
January 23, 2020
They are still sitting on a lot of cash. They are still in a patent litigation. It has not done a whole lot and last year it finally went up. Legal fees were a big drag on this company and they have reduced this. It is not a bad name but it is not that great.
PAST TOP PICK
PAST TOP PICK
December 23, 2019
(A Top Pick Dec 24/18, Up 39%) He liked the CEO, but they are replacing him. The case with Apple goes to trial in January. They have a guaranteed $10 million win, but could be as high as $100 million. A clean balance sheet. Yield 5%
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Quarterhill Inc (QTRH-T)
December 23, 2019
(A Top Pick Dec 24/18, Up 39%) He liked the CEO, but they are replacing him. The case with Apple goes to trial in January. They have a guaranteed $10 million win, but could be as high as $100 million. A clean balance sheet. Yield 5%
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.
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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.
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%

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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%

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.
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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.
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)

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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)

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%
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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%
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%

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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%

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.
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He has not been following it recently. They were involved in 4G technology in the past. He actually has a small short position.
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.
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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.
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.
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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.
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.
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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.
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)
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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)
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)
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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)
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.

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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.

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.

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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.

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.

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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.

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.

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(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.

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.

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$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.

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.

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(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.

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.

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

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.

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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.

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.

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(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.

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.

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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.

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.

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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.

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$)

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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$)

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.)

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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.)

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.)

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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.)

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.)

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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.)

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.

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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.

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.)

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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.)

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.

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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.

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.)

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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.)

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).

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Quarterhill Inc (QTRH-T)
August 14, 2017