W ...I bought it, under 3, as a multifaceted value play, with a core 19mm growth rate that I thought would likely accelerate for years ( so the first quarter stumble in DST bothered me perhaps more than most )and with a patent portfolio that was potentially rich icing to the upside.
Normally I would have traded out a year ago ...somewhere on the way up, but the eventual upside seduced ...seduces ...me so much that I want to be in this stock for as long as I can.Will probably be a couple more years before I am forced to start selling some of my stake. Avoid margin and options , though many use them to excellent gain, because I always want time to be on my side.
Of course there is more to this issue than KM, but for now, the potential of 100s of millions in revenues that pronounced KM success could bring is a very compelling mammoth tethered to Ampex. Hard to ignore. Also if they finally succeed in developing this one patent, it will add a market shimmer to their patent portfolio and credibility. For now...just for now...I really hope that DCR, the Mitsubishi suits, and DST all do fairly well to protect the downside. The upside will mainly be determined by KM. No point in denying it.
Also, as Gus has pointed out several times, any KM revenues will enormously improve the odds of future successful conversion of other patents into additional revenue streams. Ampex seems much like a Monopoly player with control of several colors, but without the money to build houses. If they get that money through KM at first, we really could have a wonderful multiyear growth stock on our hands.Success is not assured though, and the wait will not be easy. |
