Out of respect for my love of money, I cordially invite you to cease and desist talking about politics. Anyone who declines my invitation will be BANNED and sent to the lowest depths of hell.
Going into today’s trade, I was a very nervous man, not because of my coal position into the election, but because of VHC.
It is my largest position and I’ve been trying to scale out, unsuccessfully, before their trial with AAPL concluded. The Devil and Chuck Bennett chastised me for wanting to sell–but it wasn’t my deal. Therefore, I lacked the psychopathic conviction they possessed to see it through without fear. The end result is nothing less than staggering.
The beat AAPL and was awarded $368 million from AAPL.
Why is this important?
Because they have a trial date pending with CSCO in March and have just levied another suit against AAPL for everything under the sun–this time for ‘willful infringement’–TRIPLE DAMAGES. After the AAPL win, CSCO is likely to settle. After all, the AAPL win was not the first victory for VHC. They defeated MSFT months ago and won $200 million.
This is the real deal.
But the awards are not the reason to own the stock, but the royalties going forward. They are talking about 1% of all iPhone, iPod, iPad sales going forward. And this doesn’t end with AAPL, it’s just the beginning. Samsung is next and anyone who infringes on their patents.
In short, regardless of what VHC does today, I am a buyer. I now believe, finally and emphatically, that VHC will be a monster winner going forward. I won’t put a price target on the stock, because that’s just silly. But it’s worth a whole of a lot more than $30, $40, $50 even $60 per share.
NOTE: Here is the ‘Willful Infringement’ lawsuit document, filed last night.Facebook page