SwingTrade Member Forum

[Trent Blair]

ANDR 3x last years earnings. It's a patent licensing stock with a small money losing core business. They had to pay off about $3 million in debt to start generating cash from the patent settlements. As of March 24 they had added another $2 million in cash. So I think they made $5 million in net income in the 1st quarter. You can see from the filings they had 3 patent settlements with major large cap companies. This stock will have major licensing revenue going forward. And judging from the 10-K they plan on suing more companies. Keep in mind this thing is about $9 million market cap so if I'm right on the $5 million net income 1st quarter this thing will be at a PE of 2.