Sonic
I hear you on the recurring revenues and expenses and for a normal company all of those things are very important, but while important for IDCC as well, I am not so sure that is the cause of the malaise now.
I just think it is all the delays in the litigations, the appeals, reversals etc that has gotten to people and I think other then a few stalwarts I believe people have traded this stock and will risk missing that initial pop when a new license comes down or a win in December in an effort to keep some profits and will only get back in when there is closure to the many irons in the fires.
They risk maybe 4 or 5 point pop by taking profits and avoiding the share price eroding that is going on as we speak