Replies to post #412118 on InterDigital Inc (IDCC)

[ddutta]

Thanks olddog967!

Since we have a very small float, buying these convertible bonds is probably another way for an acquirer to buy share of IDCC.

Also, even at these levels there has been no insider selling.

Hoping for a bid or a significant license in near future.

JMHO

[ddutta]

olddog967, is this calculation correct?

Based on bond price of $121.50, someone is paying approximately $87.93 for each share of IDCC (1215/13.8172 = $87.93).

IMHO, they are not buying a $100 face value bond at $121.50 for its original 1.5% yield.

And if they buy it for $121.50, hold it to maturity and do not convert, they will only get the face value of $100. Unless they convert, they loose $21.50 less the 1.5% interest (approx. $6).

If this is correct, then the bond price is telling us that we are going much higher.

TIA