Fantastic. I picked up ACTG after you pointed it out but sold it at a slight profit and put it into PKT, so far unfortunately.. Congratulation, ACTG did everything you said about it. Now if you and I are just as correct on PKT there should be more fireworks with PKT since they have more shorts than ACTG and less stock available for shorts to cover..
Acacia Research Earnings: Here’s Why Investors are Happy Now
By Derek Hoffman
February 21, 2013
Page 1 of 2
shareholders seeking high growth out of the company. Shares are up 13.45%.
Acacia Research Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.86 in the quarter versus EPS of $-0.17 in the year-earlier quarter.
Revenue: Rose 218.75% to $66.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Acacia Research Corporation reported adjusted EPS income of $0.86 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $43.33 million.
Quoting Management: “Acacia generated the second highest revenue quarter in company history in the 4th Quarter of 2012, capping another record year in revenues, profits and new patent portfolios for future licensing,” commented CEO, Paul Ryan. “These results reflect Acacia’s growing industry leadership in patent licensing and are accelerating new opportunities to partner with patent owners.”
Revenue increased 89.75% from $34.94 million in the previous quarter. EPS increased 405.88% from $0.17 in the previous quarter