This stock just about makes me physically ill. It is now sporting a P/E of just over 8. EIGHT!!! There is only one thing that can happen to light a fire under this thing and get it moving upwards - I'd have to sell my shares. I'm getting close to that point.
PE means little while CASH means a lot to a takeover? Think about it..600M in cash.Nokia may owe us 400M..Bid 1.6B for the stock on a buyout..Whats that about $40 a share and it costs them?How about an Apple bid and use the IPR vs Nokia?Or RIMM?Or INTC?..Lots of other companies can use these patents and simply buy IDCC out.
True, P/E isn't a great metric for this stock. I mentioned it to highlight how IDCC's earnings don't seem to impact its stock price at all. It could patent the perpetual motion engine and the stock would have a short run to 28 before drifting back to the low 20s. LOL
That aspect of IDCC value has been totally neglected by "so-called analysts"... What is the worth of an importsnt, usable, or essential IPR cache...??! Strategic value to at least a Dozen different companies in or seeking to be in the Wireless Future...
btw, anyone having concerns or suggestions for IDCC...send them to Janet at IR... firstname.lastname@example.org