Iridium Communications (NASDAQ:IRDM)

CAPS Rating: 4 out of 5

Iridium Communications Inc. provides satellite voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide.

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Member Avatar f2rider (< 20) Submitted: 4/23/2014 3:44:24 PM : Outperform Start Price: $7.05 IRDM Score: +18.20

Upcoming launches in 2015 will be critical to Iridium's success.

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Member Avatar bargain123 (36.34) Submitted: 11/25/2013 7:34:22 PM : Outperform Start Price: $5.81 IRDM Score: +40.99

Communication, Networking, Mobile and wireless technology is going to be everything in the future, and this company is way too undervalued for its worth, it could be bought out also.

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Member Avatar Olipso (37.96) Submitted: 11/12/2013 7:47:14 AM : Outperform Start Price: $5.54 IRDM Score: +46.05

Market oversold the Company after earnings. It is still projected to earn a tidy sum and has a very favorable upside at this price.

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Member Avatar rivermule (64.36) Submitted: 10/16/2013 12:01:23 PM : Outperform Start Price: $6.58 IRDM Score: +17.47

With the increase of more satellites they will have better coverage. Used one of their phones recently and it connected within 10 minutes and the call lasted for more than 15 minutes. A huge improvement.

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Member Avatar dion2727 (50.17) Submitted: 8/16/2013 4:19:09 PM : Outperform Start Price: $7.05 IRDM Score: +3.97

the communcation system for the future manufacturing internet

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Member Avatar awinget (46.34) Submitted: 7/23/2013 4:26:37 PM : Outperform Start Price: $8.60 IRDM Score: -15.72

Increase in customers for their product

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Member Avatar RumbachStock (22.50) Submitted: 6/19/2013 9:42:24 AM : Outperform Start Price: $7.33 IRDM Score: -0.97

Read the annual report and tell me this company isn't ridiculously undervalued. I have looked at hundreds of stocks, but I have not seen one with better prospects and a cheaper valuation than this one.

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Member Avatar brigidl (75.68) Submitted: 4/2/2013 5:45:49 PM : Outperform Start Price: $6.34 IRDM Score: +11.28

With Aireon the company have the opportunity to capitalize on the trend of reducing fuel burn and the costs of the airline industry. huge potential there.

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Member Avatar tleach10 (< 20) Submitted: 3/26/2013 11:47:54 AM : Outperform Start Price: $6.53 IRDM Score: +6.26

The need for communications continues to grow and IRDM is ready to deliver.

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Member Avatar BentMike (49.27) Submitted: 3/19/2013 12:37:54 AM : Outperform Start Price: $6.63 IRDM Score: +3.83

Sat phones have a place in the world that is growing. Seems cheap at this time..Market share, subscribers, and EBITDA are increasing. Big time value investors Tilson and Royce are large stockholders.

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Member Avatar pdlpwr62 (94.60) Submitted: 2/12/2013 9:58:14 PM : Outperform Start Price: $6.91 IRDM Score: -4.12

Strong advantage good cash flow very efficient company leader in their industry

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Member Avatar richienagle (< 20) Submitted: 1/20/2013 12:41:46 AM : Outperform Start Price: $7.10 IRDM Score: -11.13

M2M growth potential worldwide as driver

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Member Avatar Synchronism (< 20) Submitted: 6/8/2012 6:15:00 PM : Outperform Start Price: $8.71 IRDM Score: -48.58

This first got my attention through T2 Capital Partners, LLC's March report on this. I've started working on this bastard of a company on April 24, and after a month and a half, I'm finally done.

One thing I'm really disappointed with is how this company doesn't seem to be the "big, effin' pitch" as Tilson extolled it using his EV/EBITDA valuations.

Although IRDM has great operational efficiency (can't say too much 'bout the turnovers), superb cash profitability, is well-poised to exploit future industry prospects, and has great competitive advantages in the form of high barriers to entry and its LEO constellation's coverage plus general resilience against solar storms (or so their IR Director has told me), it seems like the company's value falters in the face of incoming, internally-funded capital expenditures, their future contractual obligations, and big, big, BIIIGGG risks orbiting the financing and successful launch & implementation of their next-gen constellation.

My financial models point to a target price of $12.8 or $19.5 per share (depending on your outlook), with the value being no less than 80% dependent on the years beyond 2017. Plus, the current price assumes a 25% decrease in sales a year -- totally unrealistic!

Given that you have an immense margin of safety, the real question here is, how long are you willing to wait? My take is 3 years, with a CAVEAT that the period could extend well into 5 to 7. Three years from the current price nets you no less than 15% in compounded annual returns, but if it drags on...

Well, let's just hope its low beta shields market players from macroeconomics and their wonderful effect on the markets.

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Member Avatar jamasony2 (< 20) Submitted: 11/11/2011 1:04:25 AM : Outperform Start Price: $7.17 IRDM Score: -36.68

Long term contracts, growing users of wireless worldwide

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Member Avatar xrich0 (67.78) Submitted: 10/22/2011 9:43:06 AM : Outperform Start Price: $5.83 IRDM Score: -10.39

Strong downtrend, but normal fundamentals for the industry. Good capital reinvestment.

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Member Avatar rodessa (26.99) Submitted: 10/1/2011 9:09:13 AM : Outperform Start Price: $6.16 IRDM Score: -35.83

Very good technology and the company becoming much more a company of service, more upcoming development with Next

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Member Avatar mopoff (< 20) Submitted: 9/2/2011 12:13:28 PM : Outperform Start Price: $7.23 IRDM Score: -47.21

HG

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Member Avatar jsgant13 (99.12) Submitted: 6/21/2011 9:25:21 PM : Outperform Start Price: $8.61 IRDM Score: -53.37

t2, ev/ebitda

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Member Avatar Brent2223 (32.00) Submitted: 5/11/2011 12:29:58 PM : Outperform Start Price: $8.22 IRDM Score: -42.23

small niche could take off if sat tech becomes viable alternative to cell

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Member Avatar KWhee (28.52) Submitted: 4/7/2011 7:59:09 AM : Outperform Start Price: $8.20 IRDM Score: -43.10

Following the rest of the fools.

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