Stocks I’m looking at: RPX Corp
I came across this idea from the Joel Greenblatt’s Magic Formula investing website. The website is a take off of the book he wrote, “The Little Book that beats the Market”. The website basically allows you to sign up for free and access a stock screen of the top 50 stocks based on the formula described in the book.
I’ve had some luck finding stocks from this screen in the past. Argan Inc (AGX) and Furiex Pharmaceuticals (FURX) are two stocks that I have done well on. The screen tends to dig up companies in obscure businesses that I would otherwise ignore. RPX Corp is no different.
RPX is in a business that I didn’t even know existed. In fact, I’m not even sure it did exist before RPX.
RPX buys patents. Then it sells memberships to companies that allow them to use the patents that RPX has in their portfolio. Read more
Reminiscences of a Stockblogger 