Benj Gallander, Contra the Herd

Quarterhill (QTRH) , which trades on both the Nasdaq and the Toronto exchange, has evolved from a one-trick patent troll pony to an enterprise that is now involved in the Internet of Things.

That expansion has seen revenues skyrocket from $93 million in 2016 to $86 million just last quarter, with the bottom line showing a fat profit of better than $26 million or $0.22 per share.

Meanwhile, the stock trades below US$2.00, as after having some mediocre years, it fell off the radar screen for many investors. Back in its heyday, this was an $80 stock.

In December, a new CEO was hired, Douglas Parker, who was senior vice-president, Corporate Development at Open Text (OTEX) . In that position, the company acquired about $2.5 billion of enterprises with over 3,500 employees.

Most importantly for investors, the stock price skyrocketed. It would not surprise at all to see Parker create tremendous value at Quarterhill given his track record. Prior to his arrival, the firm has already made a number of acquisitions in 2017.

A primary reason that this stock qualifies as a conservative pick is the dividend. Currently, it is north of 2 percent, a very decent payout in these low-interest times. If the bottom line stays reasonably fat, there is an excellent chance that it could double over the next few years.

For the full article:  [url=https://realmoney.thestreet.com/articles/01/12/2018/12-top-tech-stock-picks-2018-intel-roku-and-10-more-will-surprise-you?][/url]