InterDigital Inc (IDCC)

[vegas options]

Fish, Management and the Board have to be dumber than a fifth grader. The new bond at $400M costs $14M per year interest. They disclosed the placement fees at $9M. Hedges in the past have cost them $20M+. The total costs are $100M over 5 years ( about 65 cents per share a year) for something that shareholders do not want or need. They could have paid off the current bond in 2 years and still bought back the 1.2M shares for $75M with more than enough money left over.