Communications
Space for Re-entry - Hamed Khorsand turns bullish once again having previously made a 400%+ return on the stock (May 2018-Jan 2021). IRDM continues to grow its IOT subscribers at an accelerated pace and with broader adoption of using satellite communications (only a matter of time before satellite communication capabilities are embedded into a smartphone) it puts the company in the middle of a brand-new growth cycle. This growth will allow IRDM to delever its balance sheet aggressively, contributing to a higher stock price. TP $60 (50% upside).
Edition: 122
- 29 October, 2021