paradigm new target price for Wilan $5, up from $3Though I am glad to see some degree of positivity from analysts returning to this name, I really have to wonder when i see a bump up in target of this degree.
Paradigm may, in my opinion, be trying to warm up to Wilan in hopes that Wilan will need some investment banking work to be done in the VERY near future. The war chest of cash has been trimmed of late and no doubt Skippen has eyes on making some further acquisitions. We don't need further dillution of our existing shares beyond this point .
If management recognizes that the IP market is at depressed levels as compared to even a few years ago, investment bankers are no doubt pitching their services to Wilan in hopes of raising further money to further weather the storm, or be in a position to be a buyer of assets at depressed prices as we see them now, or further depressed prices in the near future.
What will the cost of this be to us, i guess we wait and see.