I was extremaly lucky last year finding stocks that almost doubled my investment.
I just bought IRDM at 6.90 and I'm feeling good. Placed a sell for already for 8.50 but thinking 10.00 is where this stock will finish by the end of 2013. Any inputs out there as to what you feel this will be?????
It is the second largest provider of satellite-based mobile voice and data communications services based on revenue, and the only commercial provider of communications services offering true global coverage.
There are many reasons for that:
. A great future (see Seeking Alpha article)
. It is an undervalueted stock (PEG: 0.64)
. During last three quarters has got an important earnings trajectory (..and it is forcasted to continue)
. Insiders are buying (including an important buy from the CFO)
. New classification for communications satellites, that will give the American aerospace business a huge boost in the process.
Seems you guys have alot of knowledge with this company. But as a lucky construction worker to the men of wisdom. I made money. Bought in at 6.90 and set a sell at 7.25
Yehh it's only $355.00 but a good day for me.
Started buying stocks last year with only $1400.00 and up around $7300.00 now.
Thinking ford???? Well guy's
Newbie needs some wisdom.
Just got in today, will hold for all of 2013. Iridium’s satellite network provides communications services to regions of the world where existing wireless or wireline networks do not exist or are impaired.A large holder, Greenhill & Co., has been dumping IRDM’s shares for reasons that have nothing to do with IRDM’s prospects. Although Greenhill will be selling a lot more shares, IRDM could double or more in price when Greenhill clears its IRDM holdings.