Professional
Added to YB: 2020-07-01
Pitch date: 2020-07-01
GOGO [bullish]
Gogo Inc.
+53.59%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
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
$3.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.58
P/E
-165.08
EV/Sales
2.11
Sector
Wireless Telecommunication Services
Category
turnaround
Greenhaven Road New Position - Gogo, Inc ($GOGO)
GOGO: In-flight internet provider decimated by COVID travel decline but multiple ways to win. CEO owns 30%, highly incentivized to avoid bankruptcy. Two segments: commercial (tied to passenger traffic) & private jets (benefiting from pandemic). Valuable private division, $200M cash, renegotiating with suppliers, applied for CARES aid. Multiples of upside if recovery.
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