IMMR

The pitch presents a bullish case for Immersion Corporation (IMMR). The author breaks down the company's value into three parts: cash and investments, the IP business, and the stake in Barnes & Noble Education (BNED). The base case valuation is estimated at $8.72 per share, with potential upside from the appreciation of the BNED stake. Catalysts for the stock include the BNED appreciation, Russell 2000 inclusion, royalty cash flow, and buybacks. The author also notes the strong management and positive progress at BNED.

The author presents a detailed overview of Immersion Corporation (IMMR), a haptic technology company. The post includes financial data (Market Cap, P/E, ROE, etc.), a list of pros and cons, and some technical and DCF analysis. The author is seeking feedback on their research and asks specific questions about the company's revenue growth, margins, and competition. The discussion that follows provides additional insights, including the impact of patent litigation and licensing deals on revenue.