Sunday, May 01, 2016 12:13:10 AM
So if you look at FY2016, does $8.9 million not generate earnings for this year? Umm...Yes it does.
While I am not absolving management for poor past performance, nor am I close to a management apologist, in fact the complete opposite, you have to start 'somewhere'. Suggesting that this $8.9 million just means 6 years of op costs and nothing positive is completely absurd.
When we move past the ridiculous google ruling and the effect it had on us vs ZTE, anyone objective can see the start to the year this is a positive. We all know we got screwed by the courts on Google, and ZTE was able to take advantage of that financial hit and management had no leverage left. In reality, the only thing we can criticize this group for is how they have paid themselves while we have suffered losses. So let's cut the silly hyperbole.
As we start the new fiscal year (2016), we see that the company has brought in $8.9 million in Q1 with little to no legal costs and have tax shelters that make that money pure profit.
To me and any objective person, that is highly positive. The key is how do they continue to perform going forward. Royalties are certainly better, but should the company string another 2 of these together this year, that would mean approx $20-30 mil in cash. DTV could easily be that number alone.
That's a pretty damn good year by any company perspective. You can choose to use this board to gripe about the past or move past it. If you cannot, you should sell even at these levels as it will save your sanity.
We can't change the past but management did FINALLY achieve a decent win here for shareholders. It does not absolve the failures of the past but its the first step in the right direction.
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