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Thursday, 01/31/2013 9:01:56 AM

Thursday, January 31, 2013 9:01:56 AM

Post# of 68424
Altucher comments on VRNG

Vringo (VRNG) - As I initially predicted, VRNG defeated Google (GOOG) in its patent case. But VRNG continues to trade for less than the cash owed to it by Google. It clearly knows how to allocate cash in an accretive manner. The stock is up from when I initially wrote about it but I have no idea why it's not up even more. The market erroneously believes that Google can wear out Vringo in appeals but as I explained in further articles, this is not possible. All the signs are positive and my thoughts stay the same on VRNG.
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