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  • How They Found The Next Vringo [View article]
    Greg, loved your article, but you just skipped right on by the next Vringo .... WDDD. You think this week's volume came from a bunch of small-time IHUB players ? No way. Get ready for blast-off IMO. You need to read this ...
    Mar 1, 2013. 10:31 AM | 1 Like Like |Link to Comment
  • J.C. Penney: The Sick Man Of Retail [View article]
    And .... no one's even mentioning that Feb. Valentine's traffic was equal to last year, certainly a significant improvement from what was just reported for Q4.
    Feb 28, 2013. 12:10 PM | Likes Like |Link to Comment
  • J.C. Penney: The Sick Man Of Retail [View article]
    I checked out two JCP stores in the last two weeks and both look remarkably better. I like the new layout and I'm definitely taking the contrarian view here, as I believe there WILL be a successful turnaround. Sure, Q4 was beyond a disaster, but if you're shorting here, I think you're just selling to old shorts who are covering.
    Feb 28, 2013. 12:09 PM | Likes Like |Link to Comment
  • WDDD - A Conversation With CEO Thomas Kidrin  [View instapost]
    Here's an update ......

    In my interview of the CEO last weekend for my SA blog ....

    I realized I left out a couple of questions that are very significant and something that I haven't even seen discussed yet. Just an oversight, but nonetheless very meaningful.

    Question: What will your company do with the cash proceeds from any settlement or jury verdict from the Activision Blizzard case ?

    TK: There's nothing set in stone just yet, but as with all successful companies, returning cash to shareholders is why people invest in stocks in the first place, thus we hope to have a one-time special dividend and the percentage will depend on the amount of cash received. Obviously the larger amount we receive, the greater the cash dividend would be.

    Question: So for example you're saying something like a 15% dividend for $100 million, 25% for $150 million, 35% for $200 million and 50% for $500 million, etc. etc. ?

    TK: Yes, an increasing special dividend for larger cash amounts, but also dependent on discussions and guidance from large shareholders, bankers, etc. Obviously large shareholders are going to want as much money returned as possible.

    Question: How much are you suing Activision Blizzard for ?

    TK: Susman Godfrey hasn't yet completed the damage report as part of the current litigation. Obviously we believe that MMOG gamers would have never made the enormous profits they did and continue to make without implementing methods and techniques covered by our patented technology.

    Question: So if I were to say $2 billion, would that be in the ballpark ?

    TK: Based upon the MMOG market size of well over $12 billion, that would not be a disproportionate assumption. Keep in mind that we also have $40 million in NOL's to carry forward.

    Brief Conclusion:

    People need to realize (for example) that if $250 million was returned to shareholders on an award or settlement of $500 million (50%), that's $3.00 a share alone as a special dividend. Any such award is up in the air, but I think you get the picture going forward. Anyone seriously dumb enough to short the stock down here apparently has no problem getting run over by a train. I'm not even sure why there's so much hoopla about a .35 stock price, as current valuation (as of today) belongs no lower than $1.00 IMO and with a favorable Markman ruling, I would expect a much much greater valuation. Susman Godfrey didn't spend 9 months of DD executed by their team of experts before they took the case just for the fun of it. They feel like there's big money to be paid out here and in future cases against MMOG players. Also, anyone look at PRKR and where their stock is now after last Thursday's favorable Markman ruling ? Their market cap is $316 million versus WDDD's current $28 million here at .35 (11 times larger) and both have the exact same number of outstanding shares, 82 million. WDDD has all the money they need in their pocket now to operate for no less than the next 12 months and there will be no need to worry about stock being sold by the company.
    Feb 25, 2013. 01:51 PM | 1 Like Like |Link to Comment
  • VeriFone Now A Falling Knife [View article]
    Falling knife or not, this is how I make my money on these special situations. PAY now has a forward P/E less than 10 and while people always claim the end of the world on situations like this (think GMCR), this is where I ALWAYS step in during the extreme pessimism and take everyone's money. Rebound to $25 ? Easy, especially with back half of the year acceleration. Like taking candy from a baby.
    Feb 23, 2013. 09:21 AM | 2 Likes Like |Link to Comment
  • Vringo: Court May Have Telegraphed Decision Worth 40% Of This Stock's Market Cap [View article]
    If people want a VRNG before the Markman hearing, they won't want to miss this ...
    Feb 22, 2013. 09:43 AM | Likes Like |Link to Comment
  • WDDD - A Conversation With CEO Thomas Kidrin  [View instapost]
    No one knows for sure about related parties associated with Vringo making contact with WDDD, but I think there's plenty of substance behind the chatter. Wouldn't surprise me at all to see Vringo make an offer to WDDD after the Markman hearing ... or even before. It's right in their wheelhouse. There's a recent short-seller in WDDD IMO that may be biting off more than he can chew, thus I suspect a bear raid is in the cards at some point and that will be a great sign the stock is going much higher.
    Feb 19, 2013. 02:19 PM | 1 Like Like |Link to Comment
  • Herbalife: Shattering The Personal Consumption Myth [View article]
    Well Dan Loeb basically just told us through his actions that he doesn't think there will be a short squeeze, as he's just playing for quick profits and ultimately leaving the bag for others to hold. Carl Icahn ? LOL. That guy's a total buffoon that could barely make it through his most recent CNBC interview. End result ? Ackman wins the prize IMO.
    Feb 17, 2013. 08:16 PM | 1 Like Like |Link to Comment
  • InVivo Therapeutics: Why Run-Up To March 9 Likely [View article]
    As always ... a brilliant article. Glad I "followed" you on Seeking Alpha. Your calls are ALWAYS spot on.
    Feb 15, 2013. 09:15 AM | 1 Like Like |Link to Comment
  • LinkedIn Is A Sure Fire Short At A P/E Of Almost 1,000 [View article]
    Who on earth ever looks at the trailing P/E ? Ummm .... no one. Check out the forward P/E and it's wayyyyyyyyy cheaper than AMZN and more upside is clearly in the cards.
    Feb 11, 2013. 09:23 AM | Likes Like |Link to Comment
  • 6 High-Growth BRIC Small And Mid Caps With Bullish Short Trends [View article]
    Surprised to not see NQ on this list. Most compelling value in China IMO.
    Feb 9, 2013. 02:02 PM | Likes Like |Link to Comment
  • Short Interest Is Decreasing In These Chinese Stocks [View article]
    You guys need to look at NQ, as I find it to have the most compelling value of ALL the China stocks I've researched, not including RTO's. A good friend hedge fund manager of mine in Beijing is close to the company and sees a likelihood of a triple in share price this year alone.
    Feb 9, 2013. 02:00 PM | Likes Like |Link to Comment
  • NQ Mobile - High Growth, Strong Tech, Dirt Cheap [View article]
    I have a hedge fund manager friend in Beijing who's close to the company and he sees a very possible triple in price for 2013. FWIW, which isn't much as the stock declines.
    Feb 8, 2013. 01:21 PM | 1 Like Like |Link to Comment
  • Opexa Rallies Bigtime On Deal With Merck Serono [View article]
    Opexaman .... please tell me you cashed in yesterday, especially after reading Adam Feurerstein's article. You deserve the profit after having held forever.
    Feb 6, 2013. 08:47 AM | Likes Like |Link to Comment
  • Trius Therapeutics: Takeover Candidate In 2013 [View article]
    Well after your big score with TTNP, I'll start watching this one.
    Feb 4, 2013. 12:53 PM | Likes Like |Link to Comment