How sad that many here have given in to the negativity of a few liars and bashers.
Don't worry, they will be proven wrong and their lies will become more obvious.
$40 is an absolute joke. Granted we are in a down market but IDC is dropping even faster. Do you think perhaps that there are a lot of people who either know something coming or think they do that is driving the stock down? Some of you cheerleaders absolutely have your blinders on and can't see reality. For a company with strong earnings like IDC and flush with cash something is really bad wrong and you can't blame it all on the so called bashers.
IDCC2008, I haven't given in to the negative postings of the few bashers on this board, but I do not believe IDCC will see $40 per share this year, or anything close to that price.
Why? Just look at a five year chart on the stock. Better yet, look at a year to date chart. With some of the best earnings in company history, the stock price is actually down for the year.
It isn't bashing to call attention to these trends -- it's just recognition of the facts. Short of a total win against Nokia (which isn't going to happend this year) IDCC's stock price won't get anywhere close to $40, and may not even get to $30 in 2010.
Bustedbox2, some things have changed including the removal of the poison pill and new members on the board.
I think we will see IDCC do just fine but the overall market will need to do better as well. IDCC is not as high as I would expect but more due to the overall market than anything else at this time.
When there are fundamental changes at a company, charts lose their value for predicting trends.
Not even counting the cash on the books, 15x forward known earnings makes IDCC a $36-$40 stock. The market will normalize again and IDCC will achieve over $40/share.
IDCC is trading with the market at this time when many good companies are getting very little respect. Unfortunately, many who claim to be long IDCC continue to tell us why it just isn't worth these kind of numbers.
Why then are they invested in this company?
You all know the truthful answers to that question, don't you?
Yep add the cash and you easily have a justification for a $50.00 stock.
What will it take to get there is the question?
MO - Less uncertaintity in the overall market and with this stock.
The overall market, we need strong leadership in Washington. BO has to GO.
Lets call it BOGO.
The stock any number of catalysts that will remove some doubt.
IMO there shouldn't be much but that is just me.