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Vringo, Inc. (VRNG)
Vringo reports earnings on August 14th. This is a highly speculative play I have been looking over for quite some time. I feel you should have a small percentage of your portfolio dedicated to a speculative long shot. Recently, SA author John H. Ford wrote an article with an in-depth analysis of the Vringo situation. This is basically a patent play. I don't normally get involved in patent plays because it's not about the fundamentals it's about winning a patent case and I'm not a lawyer by any means. Even so, the fact that SA author James Altucher is also involved intrigues me. I love Altucher's work. I'm a fan. He is intimately involved in the situation and wrote a great article regarding Vringo as well. Ford says Vringo is at least a ten bagger. The following is the most important point from his article,
But here's something that I think may be more important than anything else I've written in this article. Donald Stout was so impressed with Vringo's patent portfolio that he invested his own funds and currently owns over 1 million Vringo shares. He has the background and experience to make an informed decision about the quality of Vringo's patents, and his vote of confidence speaks volumes about the strength of Vringo's patents. His due diligence was greater than anything you or I could even come close to achieving. If a patent attorney and patent examiner such as Donald Stout buys Vringo shares, I am a buyer also.
Patent law suits can often go on longer than investors can stay solvent. The stocks involved often have wild swings as motions and appeals are won and lost. Nonetheless, if your suitability allows, this may be one to consider for your speculative money.
