$6.60 -0.18 (-2.65%)
2/9/2010 4:00 PM

Iridium Communications (IRDM)

CAPS Rating: 4 out of 5

Current Price $6.60 Mkt Cap $463.63M
Open $6.70 P/E Ratio 0.00
Prev. Close $6.78 Div. (Yield) N/A (N/A)
Daily Range $6.49 - $6.87 Volume 583,043
52-Wk Range $6.39 - $12.00 Avg. Daily Vol. 0

Caps

How do you think IRDM will perform vs the S&P 500?

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All Members

34 Outperform
3 Underperform
 

All-Star Members

17 Outperform
0 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top IRDM Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

nangofandango (67.35)
Submitted November 21, 2009

Global communications coverage - including the poles.

I'm trying to find a reason not to like them. They're lining up big contracts regularly. Insiders continue to accumulate piles of shares, owning >20%, having been rebuilt by the… More

Top Bear Pitch

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IRDM VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from members about IRDM.

Recs

0
Member Avatar jskenv (< 20) Submitted: 2/9/2010 1:18:56 PM : Outperform Start Price: $6.56 IRDM Score: +0.88

A look into their service: plans start around $0.55/minute or $100/month with additional minutes priced at $1.45 or less. They also offer temporary prepaid plans at attractive prices for those who need/want pole-pole coverage for trips, or emergencies, such as their deployment of phones to Haiti. Building out an expandable land-based Access Network Controller gateway to be complete in 2011. I also like their tracking features for aviation and maritime.

Recs

0
Member Avatar JackCaps (< 20) Submitted: 1/2/2010 6:59:33 PM : Underperform Start Price: $8.10 IRDM Score: +13.94

Iridium offers unique communications products and services, but from an investors perspective I could not make sense of their SEC 10-Q quarterly report that was filed on 11/16/2009. They do about $80M in gross revenues a year, but during this past quarter they incurred a $34M charge due to "Change in fair value of warrants". I tried to find an explanation for this, but I could find none to my satisfaction despite over 60 occurrences of the "warrants" text in this document.

I sense that future earnings may suffer from additional charges due to warrants. Until they post some earnings with a return for the investor, I project that they will underperform the S&P 500.

Recs

0
Member Avatar Roto1177 (77.85) Submitted: 12/2/2009 10:08:38 PM : Outperform Start Price: $8.00 IRDM Score: -13.62

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Leaderboard

Find the members with the highest scoring picks in IRDM.

Score Leader

JackCaps

JackCaps (< 20) Score: +13.94

Hey buddy, can you spare a Rec for my IRDM bear pitch?

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score Commentary
JackCaps < 20 1/4/2010 Underperform 3Y $8.10 -18.52% -4.58% +13.94 1 Comment
rumblindrZ 63.48 2/1/2010 Underperform 5Y $6.78 -2.65% -0.86% +1.79
jskenv < 20 2/9/2010 Outperform 1Y $6.56 +0.61% -0.27% +0.88 1 Comment
PavewayIII < 20 2/5/2010 Underperform NS $6.61 -0.15% +0.62% +0.77
Rwhitman93 57.12 2/2/2010 Outperform 1Y $6.87 -3.93% -2.92% -1.01
stormeywhether < 20 2/2/2010 Outperform NS $6.94 -4.90% -2.55% -2.35
musclecar7 < 20 2/2/2010 Outperform 3M $6.97 -5.31% -2.74% -2.57
JohnDZurich 44.87 2/3/2010 Outperform NS $6.99 -5.58% -2.42% -3.16
Rochambeau < 20 1/29/2010 Outperform 5Y $7.24 -8.84% -1.67% -7.17
mghaynes1 75.52 1/29/2010 Outperform 5Y $7.24 -8.84% -1.67% -7.17

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