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Saturday, January 26, 2013

Vringo who?

 Shares of Vringo Inc. are trading currently at 3.29. I beleive that this stock has lots of upside potential and is a buy (no position currently). Consedirng that the current market cap for this company is only 250 million, but expects to get well over 500 millions from google. this 250 million dollar valuation is crazy. Even the company sets its trading range at the lowest of 4.25 and a high of 30. I beleive that if the judge rules in favour of vringo and gets 500 million, this stock will sky rocket. Of course Google isnt giving up without a fight, and this is speculation. But once again the jury has determined that Google has infringed on Vringo's patents and now its all about the amount.

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