Let me get this straight. The reason to invest in TiVo
And this money will arrive before TiVo runs out of cash -- any day now, in fact? (Actually, Anders says TiVo is "near the end of the road," but picking on the dual meaning there would be just too easy.)
Puh-leeze. That's not an investment thesis, people. That's a pipe dream. You know how long it takes to convert even a final court verdict to an actual cash-in-the-bank award? Ask the shareholders of ExxonMobil
TiVo is burning cash today. Its competitors, from Cisco
All of which, I suspect, is why Anders wrote back in October that TiVo's "cash stash could run out in just a few quarters at current rates, forcing shareholder-unfriendly measures like dilutive stock offerings or another dip into long-term debt. It's a race against time, and I'm staying away until one side or the other gives up the fight."
Anders, you had it right the first time. It's time for TiVo to fade to black.
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Fool contributor Rich Smith does not own shares of, nor is he short, any company named above. If he did (or was), The Motley Fool would require him to tell you so. We're sticklers about things like that.