Because of events occurring this week, I decided today to "Double Down" on my favorite stock. In a previous post I told you that three months ago, I increased my holdings by a factor of ten. Now that's a lot of optimism, but there is good reason for it.
My favorite stock holds 520 technology patents mostly in Wireless, and traded (at least on Friday) under $2 per share.
Just this year, they have signed 27 companies to licensing agreements including such high tech darlings as Research in Motion (RIM), Infinion, Westinghouse, Pantech, and Samsung. Most of these are for long term Royalties. If a company is using wireless technology, anywhere in the world, they will need to sign similar agreements.
On top of that, this small, Canadian company has a strong cash position, very little overhead, earnings increasing every month, and they just announced their first "Dividend distribution", for shareholders who are shareholders of note on June 29th.
Now, can you guess who my favorite company is?
Have a great weekend!
Update June 9th 09 - My favorite stock jumped 19% today! I believe this is just the beginning!