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Iridium Communications Inc. Message Board

  • gleongelpi gleongelpi Mar 28, 2013 4:26 AM Flag

    Meaningful growth

    Top line and bottom line must start showing meaningful growth before the stock goes anywhere.

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    • This is the real reason for current stock price:

      Revenues last three years starting with most recent first:
      384/384/348
      Revenues last four quarters starting with most recent first:
      92/102/97/93

      • 1 Reply to gleongelpi
      • logle@wsu.edu logle Apr 7, 2013 2:38 PM Flag

        It sounds like you may be on the wrong side of this trade and you are starting to get nervous! The flat-lining revenue is not the real reason of the current stock price. I may believe you if the current price was inline with the PE of it's competitors but it's not. IRDM is truely the best of breed when it comes to global communications. And its cheap at that! A PEG ratio of 0.51.

        You do have a good point of flat-lining revenue, however; you have to look at the revenue stream details. The decrease in revenue was primarily due to a decrease in the "low profit" goverment sector. Did you notice how revenue was flat yet earnings were higher? You can't expect the US Gov. to remain in a constant state of war. So, for IRDM's revenue to remain flat during this time of military draw down actually show's strength; and in actuality, hides this strenght to those that take everything at face value.

        Sentiment: Buy

 
IRDM
11.1099+0.3799(+3.54%)12:17 PMEDT