Pendrell Is A Cash Net-Net With An Upcoming Catalyst [Seeking Alpha]
PENDRELL (PCO)
US:NASDAQ Investor Relations:
investor.pendrell.com/investor-relations
Company Research
Source: Seeking Alpha
Summary Pendrell (NASDAQ: PCO ) is a patent licensing company (often called 'patent trolls') which makes money by licensing intellectual property it owns to others. Oftentimes, the 'others' prefer not to pay, so this is a very litigation-heavy business and one that has lumpy revenues, as the company appears to generally receive one-off licensing fees. As can be expected, it has had its ups and downs as verdicts have come in. The business is one that is generally considered on the unsavory side (it's hard to argue you're creating much value for society...) and that, combined with poor recent results, has the stock trading at a very low level. There is a potential (although a bit unusual) catalyst here as well. The company has announced it is planning to deregister with the SEC by implementing a 1 for 100 reverse split. The company expects this to save money and management time, which are the usual (stated) reasons for such an action. It also mentions that in its quest to use
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