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Subsea 7 SA Message Board

  • ustaknow ustaknow Oct 18, 2013 9:49 AM Flag

    ACTG extreme oversold ; A certified cash cow with zero debt

     

    15.10 - 15.40 a gift imo

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    • ACTG is another VHC, they acquire and attempt to monetize intellectual assets.

      So, their results are largely determined by the outcomes of legal cases, which can be very uncertain.

      Their last Q was a disaster. Rev dropped 50%.

      Plus, these lawyers live in Newport Beach, I bet they pay themselves very handsomely, and probably not in a way that shows up on filings (ie, expensive cars are expensed, and posh HQ, etc).

      There are about 5 public companies that do IP, ACTC is, imo, the worst of them.