InterDigital: High Margins And Solid Fundamentals, But Too Much Optimism Is Priced In

Group 1 - The investment approach combines macroeconomic analysis with valuation models such as DCF and multiple-based analysis [1] - Focus is placed on financial structure, free cash flow generation, and capital allocation discipline [1] - There is a particular interest in companies undergoing transformation or recovery, with a positive risk/reward profile over a 2-3 year horizon [1] Group 2 - The aim is to publish in-depth investment theses on undervalued equities and special situation plays [1] - The objective includes challenging consensus views and uncovering value in the market [1] - Emphasis is placed on transparency and intellectual honesty in sharing investment ideas [1]