InterDigital Inc (IDCC)

[zdog]

Thanks Gamco.

Those who listen to the conference calls recognize Charlie Anderson. He is an analyst that nearly always ask the CFO for clarification of financial and accounting issues. He clearly is trying to put together a picture for himself of what the earnings will be. It is great that he is increasing his forecast earnings.

If those that are screaming about the share price do a simple calculation they would see that based upon his 2018 forecast, Interdigital is trading at about 18 times 2018 earnings after adjusting for net cash (after debt) of about $18 per share.

I too hate to see the share price drop, but I believe it got way ahead of itself. People were excited about Apple until they realized how it related to the Pegatron revenue. There was also a sense it would immediately lead to other new licenses. That hasn't happened yet.

The way the share price will increase is signing new licenses, IOT coming on line and other new revenue. This is a process of increasing revenue. I believed the price will go up over time. I don't believe it is as easy as others here think it is. It is a complex industry. IMO