Tom Carpenter is an analyst, not a pumper
Tom provides his thorough professional research on IDCC to Jim for this board as a courtesy. If you don't like his opinion, do the opposite of what he says, but don't bash him with illiterate rants (whole in are heads) just because he doesn't always say the stock price is going up every week. If you disagree with him, fine, post your opinion about IDCC and explain where you think he is wrong, but don't belittle him personally.
Two weeks ago Tom upgrades IDCC, with a year away target price 50% higher than what IDCC was trading at. He's a genius, perceptive, insightful because he says what we want to hear. Since then the stock climbs 30%. Based on his projection, he now expects the stock to climb less than 20% from its current level over the rest of the year. I'm sure there are many stocks that have that type of expectation, so he downgrades IDCC to an average ranking based on its significantly different valuation. It is not a knock on the company or a change in his expectations, it is adjusting his outlook based on the changed potential appreciation due to the higher share price. But now he's an idiot.
To me, downgrading when a stock's price climbs makes sense. I've always thought it was crazy when a stock would run and analysts would upgrade based on recent price performance without any change in the fundamentals. I personally think that Tom is being conservative in his EPS numbers and expected PE, but not overly so. So I am still very comfortable with my investment in IDCC. There very well may be a pullback in price after the recent strong climb because that's what stocks often do. If there is, I doubt any of the TC bashers will post their apologies as we all know for some it is far more important to be always positive on everything IDCC than to be correct.
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