Added to YB: 2024-08-07
Pitch date: 2024-08-06
GOGO [bearish]
Gogo Inc.
+34.83%
current return
Author Info
Bleecker Street Research is an activist short-seller exposing overvalued stocks. Sign up for the newsletter.
Company Info
Gogo Inc., together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally.
Market Cap
$955.7M
Pitch Price
$7.81
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.58
P/E
-165.08
EV/Sales
2.11
Sector
Wireless Telecommunication Services
Category
turnaround
Gogo (GOGO): Coming Down To Earth
GOGO: 5G upgrade delayed again, now likely H2 2025. Suppliers (Airspan-bankrupt, GCT-cash-strapped) struggling. Starlink encroaching. Analysts overly optimistic on 2025-26 revenue growth. Gogo misleading on launch status. Risks: further delays, market share loss, credibility issues. Bull case relies on timely 5G delivery & Starlink failing to gain share.
Read full article (13 min)