Iridium Communications (NASDAQ:IRDM)
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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Recs
ScalaAnalyst
(21.84)
Submitted: 4/7/2013 8:02:58 PM :
Start Price:
$6.38
IRDM Score:
+9.60
This has a real nice low PE at 6.50/sh compared to it's historical PE and it appears to be nearly totally shorted out. Selling short is now becoming risky as this is near it's 52 week low. Because it has fallen from grace recently, the price to the book ratio is becoming quite favorable. Although it has been hit hard because they haven't met every street analysts expectations, this stock is still show some great earnings growth and sales growth. In a troubled market it is hard for a company to grow 20% annually, so, I could learn to live with 13% to 15% annual growth. Debt to equity ratio is low and they are cranking positive earnings. I don't believe one could lose going long on this stock.
Recs
brigidl
(70.13)
Submitted: 4/2/2013 5:45:49 PM :
Start Price:
$6.34
IRDM Score:
+11.60
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.
Recs
tleach10
(< 20)
Submitted: 3/26/2013 11:47:54 AM :
Start Price:
$6.53
IRDM Score:
+7.38
The need for communications continues to grow and IRDM is ready to deliver.
Recs
BentMike
(37.83)
Submitted: 3/19/2013 12:37:54 AM :
Start Price:
$6.63
IRDM Score:
+5.33
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.
Recs
CashRulez
(82.67)
Submitted: 3/8/2013 5:35:35 PM :
Start Price:
$7.78
IRDM Score:
-49.80
Riding Tilson's coat-tails on this but I don't know for how much longer. Changing the depreciation methodology may be an early sign of earnings manipulation.
Recs
pdlpwr62
(85.00)
Submitted: 2/12/2013 9:58:14 PM :
Start Price:
$6.91
IRDM Score:
-1.34
Strong advantage good cash flow very efficient company leader in their industry
Recs
richienagle
(60.84)
Submitted: 1/20/2013 12:41:46 AM :
Start Price:
$7.10
IRDM Score:
-7.19
M2M growth potential worldwide as driver
Recs
bobg304
(75.43)
Submitted: 11/1/2012 1:09:03 PM :
Start Price:
$6.82
IRDM Score:
-7.38
down 9% over done. take a chance....
Recs
Synchronism
(< 20)
Submitted: 6/8/2012 6:15:00 PM :
Start Price:
$8.71
IRDM Score:
-38.54
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.
Recs
jamasony2
(< 20)
Submitted: 11/11/2011 1:04:25 AM :
Start Price:
$7.17
IRDM Score:
-28.34
Long term contracts, growing users of wireless worldwide
Recs
xrich0
(44.83)
Submitted: 10/22/2011 9:43:06 AM :
Start Price:
$5.83
IRDM Score:
-6.13
Strong downtrend, but normal fundamentals for the industry. Good capital reinvestment.
Recs
rodessa
(23.79)
Submitted: 10/1/2011 9:09:13 AM :
Start Price:
$6.16
IRDM Score:
-27.31
Very good technology and the company becoming much more a company of service, more upcoming development with Next
Recs
Recs
jsgant13
(99.08)
Submitted: 6/21/2011 9:25:21 PM :
Start Price:
$8.61
IRDM Score:
-42.48
t2, ev/ebitda
Recs
Brent2223
(41.90)
Submitted: 5/11/2011 12:29:58 PM :
Start Price:
$8.22
IRDM Score:
-33.19
small niche could take off if sat tech becomes viable alternative to cell
Recs
KWhee
(28.38)
Submitted: 4/7/2011 7:59:09 AM :
Start Price:
$8.20
IRDM Score:
-33.90
Following the rest of the fools.
Recs
KWheelhouse
(26.96)
Submitted: 4/7/2011 7:39:02 AM :
Start Price:
$8.20
IRDM Score:
-33.90
Following my fellow fool's!
Recs
TooPoor2
(< 20)
Submitted: 3/24/2011 1:10:22 AM :
Start Price:
$8.80
IRDM Score:
-43.01
Current world events will help bring this company to the forefront
Recs
jtg2s
(29.24)
Submitted: 3/14/2011 2:36:13 PM :
Start Price:
$8.26
IRDM Score:
-38.25
long term growth
Recs
hbrown19
(< 20)
Submitted: 2/1/2011 1:53:41 AM :
Start Price:
$7.76
IRDM Score:
-32.55
With wireless communication busting at the seems, and the current tired infrastructure in need of some serious help, these guys are posed to be ready when the market demands more.
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