RE:RE:RE:Patent portfolioClarence wrote: @quick. Agree, a big gamble, If so hot, one of the big companies would likely have purchased, instead we get a startup flush with someone else's money going on buying spree. 5-10 years is to long of a ROI. Especially ten years!
Hope is all we have going for us right now. Let's assume and I beleive they will meet thier 500 million. So what! That was projection years ago and stock was up. Now they are meeting projections and validating, yet price plunges.
HEres to hope
I am sticking with AVO with a 5 year time horizon. Given time, I think that EPS and revenue will be at a point where we will be back at $30 at a minimum. Alternatively, another nice scenario would be if they get aquired.
FYI, I initially bought in earlier this year at $22 and have DCA'd at several points. My average cost is just over $15 now. High teens return on an annualized basis is attractive to me if this growth continues for the next five years. I will be buying more if we happen to get below $12 again.