RE:RE:PIH could double from here
I'm not sure about a patent royalty as you mentioned but anything that helps the bottom line is good for shareholders. They did mention new program introductions. Their company description mentions more than just LED lights:
"Pacific Insight Electronics Corp is engaged in providing electronic solutions to the automotive, commercial, and specialty vehicle markets. It manufactures & sells LED lighting products and systems, electronic control modules, and wire harnesses."
Their last PR stated, "The increase in net income compared with the first quarter in the previous year is a result of higher revenues from new program introductions and favourable foreign exchange impacts."
The lower CDN$ is helping them too.
The market is currently giving PIH just an 8.30 P/E ratio due to these nasty market conditions. If PIH can show consistent growth and market conditions improve, the market could even give them a 15x multiple. If an 8.30 multiple is all PIH will be rewarded with and if they can do $1.00/share/yr in earnings (already 62 cents for the last 2 quarters) , at a P/E ratio of 8.30 gives you a $8.30 share price. My numbers are very conservative and you can see why this could be a double from the $6/share price.