I think people will start to see the real potential here to license patents and/or sell off some patents. The street got too exited when they first announced the SA process. Now they are too negative IMO. If you look at IDCC's revenues and net income along with strong cash position and compare it to its peers you will see a stock that could easily be a $50-$55 right now. Its just going to take a while for mgmt to regain shareholder confidence. If they are able to execute on some of their objectives in the coming months we will be at least a $50 stock.
so what...a lot better stocks to buy right now...more growth potential, more optimism, better value. Let this one go for now, it's not going to do anything dramatic. We just witnessed a 12 year double top - spiked to $75+ in '2000, now again in 2011...see you again in 2022 when people are talking up the value of their "5G" patents. ("
I'm out of this board for now because I have better ways to spend my investment research time(and I don't want to remind myself of how much money I lost) - but good, rational commentary from you Downstock, +1
My God Downstock you are all over the board, both in your posts and in your opinion. One day you are thoroughly disgusted with management and how it has failed you and everyone else by not being able to sell the company; the next day you are praising their strategy of not selling and you say, "I think people will start to see the real potential here to license patents and/or sell off some patents...If you look at IDCC's revenues and net income along with strong cash position and compare it to its peers you will see a stock that could easily be a $50-$55 right now." And you say that management needs to regain the trust of shareholders. You are wrong.
The current price is temporary, and is simply the predictable market reaction to no sale. This is merely a temporary imbalance in the supply-demand of shares. The speculators all bailed, causing a temporary over-supply. Also, there may be some skepticism when a company puts itself up for sale and then appearances are that no one wants it (not knowing the price at which they were WILLING to sell.) The facts of this company have not changed. Go study the historical pricing on the shares of IDCC. You will see that they were in the $40's before ever announcing the sale idea. You will see back then that analysts were still estimating $55/share. It will only take a couple quarters of over-peformance on the EPS for this to bounce another $5, and over the next two years, $20-$30 more.
Instead of opining on the daily direction of the wind, go spend several hours researching this company - who licenses from them, how much is from 2G, 3G; how much of a market they still believe is untapped in the 3G space; what they expect from 4G and LTE, and so on.
I believe in the technology and think the company is in a sweet spot. I have concerns with mgmt and yes I have bashed them. However, when appropriate I will give them credit too. That is what I was doing with commenting on insider buying.
If you look over time my opinion has been pretty steady..if they execute this could be a $60-$80 in 3 to 5 years. I thought they would be lucky to get $80 in a buyout. The only difference is before people were more optimistic than me, and now they are more pessimistic than me. I have actually been fairly consistent in my upside projections. I have had concerns with mgmt all along and seeing how this played out I think my concerns were valid.
Lind I think you will do well having bought in at these levels. By the way, looks like HUN is starting to show some life. I don't want to say congrats because the last time I did it went from $13 to $9 lol.
Downside - for now 34.xx.
Market was skeptical of any buyers paying top price.
Just maybe a low-ball offer down the road, but has to be near its 52-week high.
I agree 50-55 doable by year-end.
This assumes it meets earnings guidance.
When IDCC gets a license agreement..from Anyone of decent size...the stop Immediately rises 20% or More...
justa fact of life...
Volitility is very low right now...Look at all the options spreads purchased recently...(options are relatively cheap)...
Buy all dips...hold for the Next Big News...???
sure...the Next news Should be a good one...(we are due...lol)