InterDigital Inc (IDCC)

[The Count]

Hi Jim,

The terrible stock market activity has me looking at IDCC again. I saw your $30/share cash post and thought, wow, almost riskless, IDCC is being severely undervalued again. So I took a look at the 12/31/19 financials.

The $30 per share only tells half the story. IDCC now has debt, so the cash needs to be offset by the debt that has to be paid off to get to net cash. The debt is over $17 per share, so the liquidating cash per share is a bit under $13.

In addition to that, you have the $1.40 dividend and the stable earnings from fixed fee contracts that add to the value of the company.

I feel it's important that we do our best to put out all the facts so that readers here can make informed decisions for their best interests.

I hope everyone is staying safe and that your investments in IDCC and otherwise bounce back soon.