Re: Watching and Waiting
in response to
by
posted on
Feb 10, 2009 07:28AM
I think the question begs, do the events unfolding cause one to buy or sell?
IF this was all she wrote, it would be a sell on the release of news. However, this first round is the first peek behind the curtain and we know there to be over 200 infringers, while we are only 6 deep into the process.
Those buying above these levels will have expectations for the share price to move even higher. Do they have a legitimate view of things?
I would say so. Just because we have been here for years and seen peaks and valleys, new money is looking at a .17 pps and hundrends of millions to be had overlying a corporate structure that has no long term debt and a skeleton crew cashing checks.
To expect solid returns from this point forward is a conservative view, imo, and to expect a 10 bagger is reasonable if any one of these settlements over the course of the next year or two is well above the first LG settlement of $1.6 million net.
To date we only have the LG settlement numbers. By late June we will have all 6 or more to better determine the future.