At these trading levelsWith WIN trading at around the $5.70 level, and with approx $2 in cash at the end of 2011 and wi-lan earning an EPS of $1 in 2012 (highly likely because of contracts/booked revenues), Wi-Lan is trading at a P/E of 3.7 x 2012 EPS. To me, that is incredibly low, given the traction in the patent market and the growth opportunities that Wi-Lan has with existing licensing and potentially new programs. Not to mention the partnerships already signed and more partnerships that will likely occur in this environment as Wi-Lan has the financial means to engage in litigation. Furthermore, WIN is generating FREE CASH FLOW, which means that it can use that cash to generate more assets (i.e. patents/company acquistions) or grow the dividends.
The market does not understand Wi-Lan and I believe it is only a matter of time that the market will understand the virtually certain revenue stream that Wi-Lan will generate in the following quarters and years and the value of its of patents.
Getting paid to wait,
007YG.