RE:RE:RE:RE:RE:RE:What a nothing Earnings ReleaseYup. Nothing really good and nothing really bad.
The SP has made significant gains in 2020 but outside of the Apple litigation doesnt give anyone much reason to hope for a lot more. No real reason to buy it nor sell it at these levels.
With all the other opportunities out there, the problem is this has become a neutral boring plod along company/stock and the 5 cents a year dividend just isnt enough reason to hold anymore.
I suspect it slowly languishes back to the $2.50 range, some interest revived when the Apple case comes back into the forefront.
All this being said....do I think it is still very undervalued? Yes.
Do I think the market thinks that? No.
Unless the mgmt actually does something significant soon -- anything -- to show there is a plan to create something special with IRD, selling Wilan and/or the Apple win is the only catalyst of any consequence.