[FUND LETTER] Cove Street Capital
Added to YB: 2024-07-17
Pitch date: 2024-06-30
VSAT [bullish]
Viasat, Inc.
+37.1%
current return
Author Info
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Company Info
Viasat, Inc. provides broadband and communications products and services in the United States and internationally.
Market Cap
$2.1B
Pitch Price
$12.64
Price Target
N/A
Dividend
N/A
Sector
Communications Equipment
Category
value
Cove Street Capital Portfolio Holding: Viasat, Inc.
VSAT: Struggling pre-satellite launch (mid/late '25). $1B costs idle. No growth, abandoning rural for commercial. Defense biz worth 2x mkt cap. Huge potential in Viasat/Inmarsat combo for commercial/defense space ops. Satellite failures gave Starlink/Kuiper 4yr lead. Current price irrelevant given hidden value.
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