Vringo (VRNG) Jumps as Altucher Says Stock Worth up to $18/Share
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Vringo, Inc. (NYSE: VRNG) is jumping in pre-open action Friday following a blog post from James Altucher at SeekingAlpha saying the stock could be worth up to $2 billion. Altucher has been somewhat of an axe in the name.
Altucher said the worst-case scenario sum of the parts is $410 million; the medium case sum-of-the-parts is $700 million, or about $6.40 a share; and the best case scenario is $2 billion, or $18 per share.
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Altucher said the worst-case scenario sum of the parts is $410 million; the medium case sum-of-the-parts is $700 million, or about $6.40 a share; and the best case scenario is $2 billion, or $18 per share.
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