Acacia Research: More Volatile Than Expected, But Still A Buy

  • Acacia Research experienced heavy turbulence during last month's broad market sell-off, but has bounced back in a big way as of late. A big reason for this has been the recently released quarterly results, which included better-than-expected revenue and earnings due to this holding company's latest IP licensing windfall. Based on a sum-of-the-parts calculation, ACTG continues to trade at a heavy discount to the company's underlying value.