Update: Acacia Research Earnings Show A Strong Improvement In Sales And Adjusted Earnings
Martin Vlcek • Mon, Jul. 28
- ACTG’s quarterly sales sharply rebound but still trail for the first half of 2014. Non-GAAP EPS rises, but GAAP loss remains unchanged. Dividend remains unchanged at a 2.8% yield.
- My turnaround long thesis is working out well so far for a ~16% gain in 8 months, but ACTG price was volatile, as expected.
- I reiterate my long thesis as well as the $19 target price. However, the stock remains a very volatile and speculative investment.