Quarterhill Inc (QTRHF)

[jtdiii]

FWIW.An interesting share price projection from "Mindreader" on "another board"

IMO, "Mindreader" has always offered some of the most thorough and comprehensive due diligence of any investor I have read on any board..Don't take his prognostications lightly...He has shown a history of being both fairminded and reasonably balanced...An interesting conjecture nonetheless.

" Mindreader believes that between now and the end of July 2013 WiLAN should settle all outstanding litigations.

This imo should result in licenses that will generate somewhere in the range of $350-$400 million in revenues over 4 years.

Let us pick the top of the range (because we are feeling a bit frosty this am) which would be $100 million in new revenues per year.

Divide this by 120 million shs outstanding and we have ~$0.83 per year in revs. At a generous 90% profit margin this would translate into an additional $0.75 in eps per year.

Add these additional eps to the current consensus average (8 analysts) eps for this year of $0.44 and you have $1.19 in eps for 2013 and going forward.

Although WiLAN is currently trading at a P/E of ~10x, with these deals consumated the multiple should expand conservatively to 15x.

This would yield a potential price target for year end 2013 of....

$17.85

The above analysis is quite conservative when considering the fact that legal expenses will likely fall sharply after these litigations are settled resulting in the consensus eps for 2013 to rise. And...Mindreader is only factoring in settlement with LG on the V-Chip as they are the only TV mfg currently in litigation. Settlements with the other major TV OEM's would only serve to boost the rev, eps and price targets above. Also not include are any additional revs and eps that may be generated by current and future Gladios partnerships.

Mindreader welcomes any comments or other views on the above analysis. "

http://www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&m=31554517&l=0&r=0&s=WIN&t=LIST