Added to YB: 2024-03-01
Pitch date: 2024-03-01
GOGO [bullish]
Gogo Inc.
-39.33%
current return
Author Info
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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
$8.39
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
Show full summary:
$GOGO: Analyzing Share Structure for Potential Turnaround
$GOGO: 61% of 128M shares held by insiders or shorted, leaving <50M float (~$400M). $139M cash - $75M retained + $30M '23 FCF + $150M '24 FCF = ~$250M for buybacks over 22 months. If half of float absorbed, sellers may diminish & stock could move, shifting to debt paydown.
Read full article (1 min)