This is a unique company which requires different techniques of valuation from your typical business. Saying that it is worth 10x what it was five years ago doesn't mean it has gotten ahead of itself. That assertion fails to take into account the value of the owned/shared IP acquired in the interim which they have proven themselves **highly capable** of monetizing.
nypicker look at their run rate & balance sheet 5 years ago much has changed. Within last two years Acacia raised 100's of Millions of $'s from Soros & FMR at $38 per share. Patents & Inteclectual property is also now considered a asset class. Google paid a Kings ransom for Motorola Mobility & look at the comprehensive license agreements ACTG has sign with ORCL. MSFT and many other. Those relationships were all at one point adversial they have flipped to become constructive productive business relationships that should have validated Acacia in a big way.
NOTHING! That is the point, ACTG has to be the most misunderstood company trading today. They have been showing steady GROWTH where it counts, and yet their stock price gets hammered. STUPID and terribly frustrating.
6 weeks or so back I posted I was getting out, as ACTG was too volatile. I feel it's a great company, especially at today's price, but can't for the life of me understand why the stock acts the way it does. I can't help but think that Obama jumping publicly on the "patent troll" bandwagon a few months ago made a lot of investors very wary, and ramped up it's already volatile behavior. Just a guess.
Perhaps, this is exactly the reason why this stock is down so much. Since no one can value this company correctly then why bother investing in it. I have a long position in this company which I wish I didn't. This type of business should not be publicly traded.