Prior to yesterday's earnings release I was still pondering the real intentions of the stock buy back. First, I thought it was in preparation for a company buyout, then after almost 30 years in this stock, it probably would have happened by now so its not likely to happen in the future. Second thought was to take the company private but with the high institutional ownership, I do not think this is a likely scenario. Third and foremost is the company is planning to buy down the outstanding shares to a desired amount, then stop the buy back, and then focus more on dividend payout to shareholders making this stock more attractive as a dividend stock. This third scenario seems to be more supported by orientbull's post about his takeaways from yesterday's earnings call. 3) commitment to accelerate buyback and dividends due to licensing momentum
Bank of America should reconsider their coverage for IDCC. Maybe they should just drop coverage or upgrade to a strong buy with a target price that would make Mickey Britt proud! JMHO
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