Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Apple
Now what: InterDigital makes money from patent licensing. It owns 8,800 U.S. and foreign patents, and has nearly 10,000 patent applications pending, primarily related to wireless communications. The strong demand and high bids for Nortel's communications patents are shedding new light on the earnings potential of InterDigital's intellectual property. Even after today's pop in the stock, it is trading at a P/E ratio of only 13.6 times.
Interested in more info on IDCC? Add it to your watchlist by clicking here.
Fool contributor Cindy Johnson owns shares of IDCC. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
3 Under-the-Radar Dividend Stocks That Could Be Future Superstars
These are only so-so dividend stocks now. But just give them a little time.
2 Attractive Income Stocks Whose Dividends Could Double
Looking for income stocks that can significantly grow their payouts from here? These two companies look like prime candidates.
Why InterDigital, Inc. Fell 10% in February
This drop took the edge off a fantastic one-year surge in share prices. Can the stock get back to that growth trajectory, or are investors entering risky waters?