Yea, I'm obviously talking my book on TIVO.
However, I don't know how you look at this story and conclude anything other than the fact that they:
1) sit in the middle of a massive industry paradigm-shift as pay-TV operators finally catch up with innovation that has occurred everywhere else in the world
2) offer an incredibly disruptive and superior technology to everything else that exists (again, in an industry that is barely in the first inning of a massive paradigm-shift no less)
3) the combination of #1 and #2 above has historically led to material, multi-year/decade multi-bagger moves (i.e, 10x) in areas such as movie rentals (NFLX), desktop software (MSFT), semis (INTC), online retailing (AMZN), search (YHOO, GOOG), electric cars (TSLA), food retailing (WFI) and so on goes the list.
In addition to all of the above opinion-based editorializing, the objective, price-based opinion of the TIVO chart concurs. It represents a ~13-year, bullish ascending triangle pattern; one of the more bullish patterns I've ever seen, and is on the cusp of a material break-out (finally).
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