No more free passes for jjff
No more free passes for Mr Merritt, he has been on the job long enough now to know how the games played.With so many variables out there what was accomplished by giving earnings guidance other than to create a better repurchase program (Iknow it will benefit us down the road) His comment about the Samsung case " ANY DAY NOW " how many days has it been. Out of his control yes, but understand when he speaks people listen and act accordingly mainly fund managers!MAKE NO PROMISES YOU CAN'T KEEP!
POST NO CONDEMNATIONS THAT AREN'T TRUE!
Mr. Merritt made no promises he hasn't kept. He indicated the company would give guidance and it did. What it accomplished was putting information out in a timely manner. When you go to the doctor do you only expect him to give you the test results that are good and let the bad news come out later? Doesn't sound like a smart plan to me. I'm glad you realize that the silver lining is that the company is picking up cheap shares for the shareholders. His comments about Samsung were his expectation based on his knowledge at the time. I've never heard him promise anything.
I don't want a company that gives the bare minimum of information. I want early information and can accept that future results will differ from what was projected. Mr. Merritt has been consistently over optimistic is his assessments. Part of the reason is that in his position he needs to establish positive realistic expectations. Another part is that I believe he has been truly surprised by the difficulties in getting contracts finalized. So yes, he's been wrong, but I don't think he's lied about his expectations so I am not going to bash him for sharing his thoughts. However it is time for him to produce results. I'm very glad that we have the ITC actions going and would love to see infringement cases around the globe to put some pressure on MENS. It's been too long since LG. That contractual precedent is what fuels my belief that IDCC will be able to license others at reasonable rates that will provide revenues that will generate a much higher share price.
I think IDCC is a no brainer buy at these levels. I understand that December may be rough, with year end tax selling and portfolio managers dumping their losers for window dressing, but that should give the company a great supply of stock to buy. When IDCC signs the big guys these prices will look insane, even if they aren't the bottom. The downside risk is very limited from here IMO, so I'd much rather buy in a buck too soon than have it run away from me. This is only my opinion and I would not recommned anyone trade based on it (other than my mom, who loves me no matter what).
