GREY:SNIOF - Post by User
Post by
Boomrangon Aug 25, 2014 8:37pm
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Post# 22876723
Global maxfim, august 13... Target 0,75
Global maxfim, august 13... Target 0,75"CATALYSTS The upcoming catalysts for SENSIO include: signing one or two more studios and/or CE manufacturers to the 3DGO! store - is Samsung (005930-SE, Not Rated) next??; licensing deals with other CE manufacturers; and more licensing deals through the Wi-LAN partnership. VALUATION SENSIO is currently trading at a F2016E EV/Sales of 3.2x versus industry comparables at 3.2x, on C2015E. SENSIO has been issued 17 patents, with 13 pending in 12 different patent families. We value its patents between ~$16-48M or $0.13-0.40/shr. (assuming 119.5M shares). Thesis: With the official launch of the 3DGO! store, there are several reasons to own SENSIO: 1) royalty revenue should grow from VIZIO and other 3DTV manufacturers; 2) Disney, Paramount and Universal deals provide the 3DGO! store with instant credibility from a content perspective; and 3) the existing patent portfolio and Wi-LAN partnership provides underlying support to our valuation." https://www.globalmci.com/reports/sensio-08132014.pdf