Altucher comments on VRNG
Vringo (VRNG) - As I initially predicted, VRNG defeated Google (GOOG) in its patent case. But VRNG continues to trade for less than the cash owed to it by Google. It clearly knows how to allocate cash in an accretive manner. The stock is up from when I initially wrote about it but I have no idea why it's not up even more. The market erroneously believes that Google can wear out Vringo in appeals but as I explained in further articles, this is not possible. All the signs are positive and my thoughts stay the same on VRNG.
It is entirely possible for Google to wear out Vringo in appeals. Look at what happened to vringo during this trial, think of what would happen if this goes on for 1 year.
this deserves no thought seeing as how they raised a boatload of cash to sit high and dry and wait google out. as an American you should understand our inalienable rights. one of those is to a speedy trial. VRNG has this right. GOOG will be forced to pay up long before it can "wait out" VRNG into a possible bankruptcy. you're an idiot OR caught on the wrong side. Stop posting #$%$
Sentiment: Strong Buy
$32 a share from under 4? And Google can wear out Vringo. Just look at other patent infringement cases they've all taken over a year for some sort of settlement. Dish Tivo for example. Google has a history of not settling with patent trolls and will try and break Vringo's back and as we've seen from this trial, the longer this thing lasts, the more Vringo's stock will go down. If there's a a year or more of appeals and stalls, then Vringo can go down to $1. Stout etc really underestimated Google and overestimated what they'd get if they beat them (which they haven't because this is far from over)
Eddie, what you say would be true if Vringo had all their eggs in one basket, they don't. They have legit products they're selling with new stuff coming out. They're currently involved in legal actions against ZTE in two countries and against MSFT in this country as well as the Google lawsuit we're discussing. Vringo is winning and will continue to do so as it will eventually pay them big time.
Hahahahahaha. That is your argument for Google? They can wear out Vringo so that is why Vringo is a sell. Great insight! That should be Google's new slogan, "Don't dare mess with us, even if your are right, cuz we will wear you out"! LMAO
Thats right and he has been right from the get go I am loading the baot today and not looking back Goog lost and it is a matter of time before we know how much at these prices he is right we are well below value and thie story will only get better and better. S,art longs know this as well as smart shorts!
I am all in I just needed the push and now is the time. Go big or go home or broke it is what it is!