Wednesday, September 20, 2017 7:19:16 PM
Here are the facts:
1. As of June 30, ACTG had 50.6 million shares outstanding, $118 million in cash, $19 million TOTAL liabilities and, per my calculation, 4.8 million shares of VERI worth $62 million. Whatever else ACTG owns was valued at only $10 million to $30 million.
2. VERI closed today at $46 making ACTG's shares of VERI worth $230 million. Three months ago, when VERI was at $13, the value was $62 million.
3. Three months ago ACTG was at $4.50, but then fell to $3, before recovering to $4.50 now. At an average of $3.75 ACTG's market cap was $190 million - mainly composed of $118 million in cash and VERI shares worth $62 million.
4. Today, ACTG has a market cap of $227 million, composed of, say, $100 million in cash and VERI holdings valued at $117 million.
5. If valued as it was in June, then ACTG should be worth $340 million - cash plus $230 million in VERI shares. That calculates out at $6.76 per share.
6. While the value of ACTG's holdings have risen from $3.75 per share to $6.75 per share, its share price has risen only $0.75. The market has given ACTG only 1/4 of its rise in value.
I started looking at ACTG only today. I'm hoping other folks will chime in with their thoughts.
Recent ACTG News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 09:11:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:13:07 PM
- Acacia Research Reports Second Quarter 2024 Financial Results • Business Wire • 08/08/2024 08:05:00 PM
- Acacia Research to Release Second Quarter 2024 Financial Results on August 8 • Business Wire • 07/25/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:12:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:10:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:08:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:07:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:06:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:06:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:05:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:04:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:03:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:02:51 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 06/05/2024 09:16:20 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 06/05/2024 09:15:08 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:20:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 08:18:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:07:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:06:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 04:15:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 04:14:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:12:41 PM
- Acacia Research Reports First Quarter 2024 Financial Results • Business Wire • 05/09/2024 08:06:00 PM
- Acacia Research to Release First Quarter 2024 Financial Results on May 9 • Business Wire • 04/25/2024 12:00:00 PM
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