I just ran across an interesting article on SeekingAlpha on my old friend Document Security Systems [[dmc]]. The author of the article is short DMC, so take it with a grain of salt, but he does bring up some good points, including some past failures for the company’s new Chairman of the Board. Shareholders will be very disappointed if the company does not actually collect any cash from its patent lawsuits. If that happens, his estimation that the stock could fall 85% seems conservative.
When I last wrote about Document Security Systems, I was decidedly negative. The stock price has since fallen by 50%.
For more information, see DMC’s most recent 10Q.
Disclosure: I have no position in DMC. I have a disclosure policy.