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Iridium Communications Inc. Message Board

  • mlbgallery mlbgallery Apr 1, 2011 8:24 AM Flag

    Stop bashing & crying- IRDM worth 25.00

    HUGH was bought 60.00/sh
    Granted its worth more due to the 1/3 share count and its a monopoly but Sat phones are just gaining momentum.

    Every internation company will be adding sat phones. Oil companies, gas and mineral companies , airlines and so on.

    You guys should be loading up and in a year or so IRDM will be a household word like ATT. Don't be surprised to see ATT or VZ
    come out with a 25.00 offer for IRDM Its only a matter of time.. This is the big dog in the game of Sat phones.
    25.00 target is and may be undervalued.

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    • hope so..As I read the metrics with balance sheet, cash, and all else,,,,this is EXTREMELY cheap! I just recently started a position with 800 shares, but added another 1000 these past couple days...will likely cost average and add several thousand more in the coming weeks...I love the huge short count and the options premiums for a potential explosion that you imply may occur....I'm with ya on that! Make lemonade from daily gifts that market provides comes to mind...You are correct in your thinking..

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