My four-year-old nephew is enamored with Super Wings. Actually, he plays well with many popular toy lines - Spin Master's Paw Patrol, Disney's (DIS) Lightning McQueen and Cars and, most recently, any type of train. But, the thing that's super special about those Super Wings characters is they transform. Transformations are, apparently, captivating.
Acacia Research (ACTG) is trying to transform. Its latest strategy is to build an "IP-related (intellectual property) absolute return focused" business. Its transformation captured the attention of a key investment adviser. It's a partnership worthy of an