I keep asking myself this question as I watch the price fall, albeit on very low volume. IMO the outcome of this court case would have to be a TPL disaster (like half the patents found to be invalid) to justify the current price earnings ratio.

PE = 8.6, no debt, highest Reuters Rating, cash reserves @ $21M and growing, captive customer base of over 300 companies, etc, etc, etc.  

IMO such a disaster for TPL is highly unlikely. So is this downward move just normal random movement. I'm a believer in fundamentals driving prices (in the longer run) but I wish I had more statistical skills so I could analyze PTSC's moves compared to similar stocks' random movements in the short run. Any statisticians out there?