JDUR, you seem interested in taking pride in the quality of your due diligence. Congratulations. I think nearly no one on this board cares whether or not your due diligence is better than theirs.
Patent litigation stocks are BASED on a lot of speculation about hearings and courts decisions, both of which are based much on the ability of one lawyer to communicate their side of the story in a persuasive way. WDDD has the patent goods on its side; ATVI is using WDDD's technology (or so goes the claim). Now it is up to Max Tribble to convince both the judge (Markman) and the jury (if it makes it to trial) that such is the case. How much is this worth? Take a guess. .75 up to Markman and 1.00-1.50 after a Markman hearing seems very much in line with reality. The reason these number are so high is because of the hundreds of millions of dollars WDDD stands to win from ATVI's infringement.
If you don't like this speculation, then this patent stock will drive you nuts. My advice to you (not that you should take it; and not that I am knowledgeable enough to direct you): call the CEO, Thom Kidrin. Ask him questions. Listen to his answers. Then, after thinking about all the issues at hand, invest or don't invest based upon how you FEEL the case may go. At the end of the day, these stocks are all based on a feeling or a hunch or a guess. Hounding others about their speculations means nothing more than that you think your speculation is more accurate. Fine. but at least admit your speculation is no different than someone else's, and you're doing the very same thing you hound others for. They speculate high; you speculate low or in the middle, but it is all speculation. And in these plays, speculation is good and necessary.
Cheers.
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