IMMR - Immersion: A Value Play In A Unique Market Segment

2024-07-08 23:43:03 ET

Summary

• Immersion Corp. licenses haptic technology to various tech companies for use in mobility, gaming, and automotive markets.
• Immersion has a strong balance sheet with solid cash-on-hand position, making it a value proposition with a P/E ratio of 9.32.
• Risks include dependence on licensing arrangements, particularly with Samsung Electronics, and sensitivity to technology companies' ability to do business.

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