Investment Analysis of Quarterhill ($QTRH)

Net cash of ~$50M vs market cap of ~$150M. 3 year average (2015 – 2017) EV/EBITDA of less than 2x. The stock also pays a 4% dividend yield. We take a look at shares of $QTRH and examine key considerations for the stock including bull, […]

Investment Analysis of Alphabet / Google ($GOOG)

20%+ growth, $100B of net cash. Significant investments being made (both opex and capex) to drive future growth of core business as well as “Other Bets”. Trades at less than 25x earnings. We take a look at shares of $GOOGL and examine key considerations for […]

ZCL Q3 2018 Results Review and Takeaways for Investors

Splish! Splash! – ZCL’s new CEO takes a bath! This video discusses Q3 results, as well as announcement of a profit improvement plan, 2019 as a transition year to bring margins back to historical levels, and key takeaways for investors including sustainability of the dividend. […]

Quick Take – Why Enbridge Stopped the DRIP!

As part of Q3 earnings, Enbridge ($ENB) announced suspension of their dividend reinvestment plan.  My take on management’s rationale for the decision and implications for shareholders. Key discussion points: Growth capital funding requirements Leverage Historical and project dilution Valuation

Quick Take – Update on Facebook Earnings ($FB)

Facebook reported Q3 2018 earnings.  We look through the conference call transcript and quarterly investor presentation for updates on revenue and expense growth.  We also walk through the key drivers of revenue growth and revisit our #bull #base #bear case scenarios.