InterDigital Inc (IDCC)

[LTE]

The ML analyst is one whose full of it. Anyone can say that, but here's
the back of the envelope math. IDCC had about $130 million in free cash flow last year. And this year, IDCC should equal or beat that. I think that it's a safe
assumption that Samsung renews by the end of the year - they renewed
with Qualcomm just last month in a big deal!

So the litigants (Lenovo, Oppo, Vivo) will eventually have to pay - I think that we can safely add in about $50 more million in free cash flow from them. So we're
looking at $180 million in free cash flow in about a year or so once we get
more clarity from the courts. And we also have room for growth in IoT
and consumer electronics.

So let's put a very fair 12.5X price to free cash flow on these shares to be
conservative. We're talking a market cap of $2.25 billion. On 30 million
shares, that's a $75 stock with room for growth. And that growth could
get us a 15X price to free cash flow = $90 per share.

So, believe me when I say this, this ML guy is a tool. I've seen these
scenarios multiple times and I've capitalized on every one! That means
that I'll be adding to IDCC here but I'm a bit scared of the market in general.
So I can wait a bit and be happy with my current and reliable dividends from
IDCC because I already have a good amount of shares.

I'm just a bit worried about how Ukraine will affect Europe's energy situation, etc.
If it wasn't for that I'd buy right now.