- TSRA - This is a company like IDCC, except they have recently gone the opposite way. They are way cheap. they're trading under $17 and they have over $9 per share. They are earning over $1 a share and certainly have cash to create additional earnings plus they have some ongoing litigation which could result in higher earnings.
- CISCO - I was surprised to see them on the list again. Not the glamor go-go stock any more, but it seems to me that at $18.22 for a great American company with over $40b in cash and earning around $1.60 a share isn't bad. I do not see much downside. Kind of like my INTC holding.
Regular readers may recall back in September when HRBN announced that they were going to take themselves private. That caused a real spike in Chinese stocks that ran for about two months. For some reason, the HRBN deal fell through, which I suspect was one reason the air came out of the balloon on the Chinese stocks.
Guess what? Verse #2 may have been kicked off today (China Security Soars as CEO Talks Up LBO). It is curious, as the market clearly is a bit skeptical. The CEO stated he'dpay $6.50 per share, yet the stock only rose today to $5.24 (from $4.10). If this moves forward and gains credibility, it will cause some of the shorts to reconsider their positions as they could be wiped out if a cheap Chinese company that they're shorting announces a LBO.