Hasn't looked at this closely. They were planning to make some acqusitions and be more of a holding company, then they had a bump when they reached some settlements with Apple, which is contesting those settlements. The stock looks cheap, but he's not big on holding companies. Don't sell now; it's too cheap and holding on better than most stocks in the current downturn. It's a defensive position. If they get the money from Apple, it should move up nicely. He doesn't own this stock, because it's too small.

They still generate a lot of cash flow from their patents.  New management has a new strategy.  They made acquisitions last year to diversify.  They seem to be implementing a software roll up strategy.  Hang on if you own it, otherwise wait a few quarters to see exactly what the strategy will be.

$4.84 is his sell target.  The volume has skyrocketed.  It could become a momentum play and a growth play as well as what they are doing with the patents.

Take the money and run. They will lose 12 cents in 2018, and lose 5 cents in 2019.  There are better opportunities.

(A Top Pick April 3/17 Down 21%) This was previously Wi-Lan. It lost $12 million last quarter, but with $49 million in cash flow.  They have done three material takeovers on the last year.  This company will be in expansion mode and he continues to like it as a turnaround candidate.

(A Top Pick April 3, 2017. Down 14.04%). This is one of his top picks again today. The company has morphed. It has gone into the internet of things, has made acquisitions (available cash has gone down from 100 million to 35-40 million). They have a new CEO who was very successful at Open Text. Their earnings will probably be less lumpy. Last quarter, their revenues were 85 million, compared to 90 million for last year. The improvement is huge. The stock went up to some degree but came back.