Professional
Added to YB: 2024-05-08
Pitch date: 2024-03-31
IRDM [bullish]
Iridium Communications Inc.
-26.02%
current return
Author Info
No bio for this author
Company Info
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide.
Market Cap
$1.7B
Pitch Price
$25.32
Price Target
N/A
Dividend
3.63%
EV/EBITDA
7.81
P/E
14.56
EV/Sales
3.96
Sector
Diversified Telecommunication Services
Category
N/A
Baron Growth Fund Portfolio Holding: Iridium Communications Inc.
IRDM: Satellite comms leader facing SpaceX maritime threat & Qualcomm deal termination. Still, a unique asset w/ L-band spectrum, global coverage, new hardware & hundreds of partners. Mgmt commits $3B to shareholders (2023-2030), a big chunk of current EV.
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