Added to YB: 2025-06-26
Pitch date: 2025-06-25
IMMR [bullish]
Immersion Corporation
-10.28%
current return
Author Info
No bio for this author
Company Info
Immersion Corporation, together with its subsidiaries, engages in the business of intellectual property (IP) that engages users’ sense of touch when operating digital devices in North America, Europe, and Asia.
Market Cap
$225.8M
Pitch Price
$7.70
Price Target
11.04 (+60%)
Dividend
2.66%
EV/EBITDA
11.49
P/E
3.31
EV/Sales
4.06
Sector
Technology Hardware, Storage and Peripherals
Category
value
The $7 Patent Stock That Runs Like a Hedge Fund
IMMR: Trading at 30% discount to $11.04 NAV. $184M in public equities (mainly BNED), $85M cash, $7M debt. Haptics IP portfolio generates ~$25M annual FCF with patents expiring 2025-2038. IP business worth $2.95/share. Owner-operator CEO takes $160K salary, owns $19M stock, cut headcount to 9. Risks: BNED underperformance, patent expirations.
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