Looking Past the Short Term
posted on
Mar 28, 2008 07:47AM
We are at a major milestone for this company. The results of this quarter’s earnings on April 9 will be pivotal for its long term prospects. I’m not worried about the short term. I’m neither trader nor flipper. I’m not even worried about what Mr. Swartz does. In the long run, I imagine he wants to make money – to watch his investment increase in value. He can either sell stock to try to keep the price low (who really thinks he’s doing that, and why?) and help someone else get richer, or he can hold on to his stock and ride it high! I don't care.
I’ve read most of the patents, the pleadings for the settled litigation, all the press releases and financials, and researched both inventors: Fish and Moore. I’d like to meet them both. The story behind the ‘336 patent and how it has been suppressed will become legend. This board has been a tremendous help as well. I continue to do my diligence and I’m in for the long haul.
I believe we are all in this deal on the cheap, because I think the earnings announced on April 9 will be good, and in my opinion, the stock will take off dramatically. For the most recent quarter, we’ll be reporting the settlement of major patent litigation and 19 new licenses (only 25 have been announced overall in earlier quarters, so to me that sounds like we probably had a favorable settlement of the litigation). And with this validation of the patent the future will see even more licenses, with higher royalties. And we will see royalty revenues put to good, profitable use. So the news will be good, IMHO. Period.
Someone said it here a couple of days ago and I’ll repeat the sentiment: I’m holding on to my PTSC shares until they pry them from my cold dead hands.
Although I haven’t bet the farm, I’m in heavy – dollar averaged my way in since early in 2006. And I’m in for the long haul - not just because of the April 9 earnings (although I’m expecting that announcement to be a nice wake up call to the investment community, and perhaps the kick-off to a lasting big board presence), but because I want to see how the story turns out. Just how will our company spend all our licensing revenue??
I’m glad that our new management has the experience and wherewithal to properly decide questions like “how many shares do we buy back this week?” and “which profitable company do we buy now?” Wow, with problems like these, I don’t know how RG and friends can bear to face each day….
JMHO, BWDIK…