Iridium Communications: A Great Company At A Fair Price
IRDM
- Iridium Communications has done really well in recent months between landing another large contract and increasing financial guidance.
- This has sent shares roaring higher, but this has a downside to it as well.
- The stock seems to be more or less fairly valued at this time, even though the firm remains excellent for long-term investors seeking stability.
...As revenue has risen, profitability has also increased. Net income of $4.6 million in the latest quarter was higher than the $3.8 million reported the same time one year earlier. Operating cash flow in the latest quarter came in at $99.8 million. That's 32.7% above the $75.2 million generated just one year earlier. Meanwhile, EBITDA for the company expanded from $94.8 million in the second quarter of 2021 to $105.9 million the same time this year. Naturally, this strong bottom line performance has had a positive impact on the company's results for the first half of the year as a whole.
Due to how things are turning out so far this year, the management team at Iridium Communications decided recently to increase their guidance for the current fiscal year.
Read more on:
seekingalpha.com/art...t-company-fair-price
Daniel Jones, Seeking Alpha, Aug. 02, 2022 11:15 PM ET
IRDM
- Iridium Communications has done really well in recent months between landing another large contract and increasing financial guidance.
- This has sent shares roaring higher, but this has a downside to it as well.
- The stock seems to be more or less fairly valued at this time, even though the firm remains excellent for long-term investors seeking stability.
...As revenue has risen, profitability has also increased. Net income of $4.6 million in the latest quarter was higher than the $3.8 million reported the same time one year earlier. Operating cash flow in the latest quarter came in at $99.8 million. That's 32.7% above the $75.2 million generated just one year earlier. Meanwhile, EBITDA for the company expanded from $94.8 million in the second quarter of 2021 to $105.9 million the same time this year. Naturally, this strong bottom line performance has had a positive impact on the company's results for the first half of the year as a whole.
Due to how things are turning out so far this year, the management team at Iridium Communications decided recently to increase their guidance for the current fiscal year.
Read more on:
seekingalpha.com/art...t-company-fair-price
Daniel Jones, Seeking Alpha, Aug. 02, 2022 11:15 PM ET
Trade active
Comment:
Target 1 hit. Sold half and adjusted trail stop balance.
Trade closed: target reached