《Patience Is the Ultimate Edge in Investing | Matt Sweeney》
持有ABSI是基于其待决的特许权诉讼;有利的审判结果支持上行空间(可能带来数倍回报),若败诉则有特许权现金流提供下行保护。
例如,Anaptist Biosciences是我持有的一只股票,他们基本上最近将他们的开发资产与特许权使用费流分离。
So like there's for example um Anaptist Biosciences is a stock I own where they you know basically re recently they separated their development assets from a royalty stream.
所以很多人因为开发资产而持有该股。那些开发资产不再存在。那些因为开发资产而持有的人,大概会卖出。然后你有一个特许权使用费流,还有围绕特许权使用费流的诉讼。
So a lot of people own the stock for development assets. Those development assets are no longer there. Um you know the people that own the owned it for the development assets presumably they sell.
Then you have a royalty stream and then there's litigation around the royalty stream.