EnhydrisPECorp
Long/short equity, research analyst, biotech, healthcare

Is Vringo A Lottery Ticket Or An Investment?

Ever since Vringo (VRNG) won its patent infringement case against Google (NASDAQ:GOOG) last November, shares of the company have had a tough time. Namely, VRNG shares are down more than 36% since "winning" their initial patent infringement case, which was supposed to set a precedent for future enforcement activities. This downturn in the stock has been caused, in part, by what shareholders view as undue delays in the case stemming from a clear lack of judgments emanating from the Eastern District of Virginia Courtroom. Indeed, I even penned an article a while back suggesting the key ruling for both parties, i.e. the "Running Royalty Rate", had a good chance of being handed down in May of this year....

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