|
IRDM
Mar 16, 2019 12:00:01 GMT -5
Post by mrtaxx on Mar 16, 2019 12:00:01 GMT -5
Decades ago an engineer friend worked for IBM and ran their satellite program.
Some moron at IBM decided satellites were not the way to go and put the system up for sale.
My friends was able to buy it.
Some time later IBM realized they made a mistake and offered my friend $15M, my friend declined the offer and wound up getting $125M.
Great story.
|
|
|
IRDM
Mar 17, 2019 7:17:20 GMT -5
Post by laupailee on Mar 17, 2019 7:17:20 GMT -5
Blitz, you've been telling us all about IRDM for a year so, naturally, I missed your sage advice! haha
But seriously, do y'all feel it is too late to jump in and ride IRDM or is this rocket just starting to lift off?
LPL
|
|
|
Post by Blitz on Mar 17, 2019 8:49:25 GMT -5
Blitz, you've been telling us all about IRDM for a year so, naturally, I missed your sage advice! haha But seriously, do y'all feel it is too late to jump in and ride IRDM or is this rocket just starting to lift off? LPL Tough call... I think IRDM will be bought by somebody like a Boeing or an Amazon because it is the only satellite company with 100% global coverage. That's why the DoD has a big contract with them. And now IRDM has a high-speed modern network that will not need any significant CapEx for 10 years. They have just over 1 million subscribers now and I think that number could easily double within a year or two as subscribers will want to switch from other providers that are not 100% global and don't have high-speed connections. There will also be unanticipated IoT uses as well. It could be a rocky road though. The stock tends to now get bumped up or down on news folks just don't quite fully understand. So, it probably won't be a smooth ride up until a buyout. The aviation business could be a billion-dollar business, eventually. Just being able to track and communicate with airliners on Oceanic routes will be huge and could save airlines millions of dollars with more direct routes and tighter spacing. There would also be zero lost airliners like the Malaysian flight 370. Governments and private companies probably spent at least $1B looking for it. In my mind, that alone would justify making Iridium's equipment mandatory. In times of national disasters when cell service is not available Iridium's handset satellite radios should be mandatory too. New subscribers will push up the stock's price as will a buyout. A buyout could double the price per share in a short time. New subscriber metrics will take longer. www.reuters.com/article/us-malaysia-airlines-costs/search-for-mh370-to-be-most-expensive-in-aviation-history-idUSBREA3709520140408
|
|
|
IRDM
Mar 17, 2019 14:42:44 GMT -5
Post by redoctober on Mar 17, 2019 14:42:44 GMT -5
I'll be watching OneWeb, Iridium's closest competitor. Iridium has about a 2 year head start on OneWeb.
|
|
|
IRDM
Mar 18, 2019 8:47:49 GMT -5
Post by Blitz on Mar 18, 2019 8:47:49 GMT -5
Wow... IRDM up over $1 again this morning. I thought it would go down a bit today. Seems like there is something going on here behind the scenes.
|
|
|
IRDM
Mar 18, 2019 18:48:02 GMT -5
Post by bjspokanimal on Mar 18, 2019 18:48:02 GMT -5
Are they going to phase out the older constellation or will it continue to operate indefinitely alongside the NEXT system?
|
|
|
IRDM
Mar 19, 2019 6:39:09 GMT -5
Post by Blitz on Mar 19, 2019 6:39:09 GMT -5
|
|
|
IRDM
Mar 19, 2019 6:44:19 GMT -5
Post by Blitz on Mar 19, 2019 6:44:19 GMT -5
Are they going to phase out the older constellation or will it continue to operate indefinitely alongside the NEXT system? My understanding is the old system, just like me, has a bad case of A G E ... and it gets worse every day. So, it's old and failing and as such will not be used. They will be de-orbited... another word for dying a fiery death as they re-enter the atmosphere. spacenews.com/iridium-starting-to-deorbit-legacy-satellites-as-next-constellation-comes-online/
|
|
|
IRDM
Mar 19, 2019 6:58:46 GMT -5
Post by Blitz on Mar 19, 2019 6:58:46 GMT -5
I'll be watching OneWeb, Iridium's closest competitor. Iridium has about a 2 year head start on OneWeb. OneWeb is going to put up 650 satellites... (they must be very small). It says they are partnering with Airbus... (Boeing should partner with or buy IRDM.) It also says they have raised $3.4B... (That's the over the total market cap of IRDM)... can you say, "undervalued" IRDM stock... IRDM's network is up there and working now and "is" the first truly global communications network. www.oneweb.world/newsroom/oneweb-secures-1-25-billion-in-new-funding-after-successful-launchNew funding to start mass production of satellites Combined with its successful first launch of satellites, OneWeb gains clear first mover advantage New fundraising demonstrates strong investor support for OneWeb March 18, 2019 – OneWeb, a global communications company with a mission to bring connectivity to everyone, everywhere, announces it has secured its largest fundraising round to date with the successful raise of $1.25 billion in new capital. This brings the total funds raised to $3.4 billion. This round was led by SoftBank Group Corp., Grupo Salinas, Qualcomm Technologies Inc., and the Government of Rwanda. The new funds, following the successful first launch of OneWeb’s satellites, enable the company to accelerate the development of the first truly global communications network by 2021. OneWeb’s system will deliver high speed, low latency, seamless broadband access, everywhere on Earth. "This latest funding round, our largest to date, makes OneWeb’s service inevitable and is a vote of confidence from our core investor base in our business model and the OneWeb value proposition," said Adrian Steckel, CEO of OneWeb. "With the recent successful launch of our first six satellites, near-completion of our innovative satellite manufacturing facility with our partner Airbus, progress towards fully securing our ITU priority spectrum position, and the signing of our first customer contracts, OneWeb is moving from the planning and development stage to deployment of our full constellation. Our success is made possible thanks to the backing of our investors and the cooperation of our world class commercial partners including Arianespace, Airbus, Qualcomm Technologies Inc., Virgin, and Hughes.”OneWeb’s satellites, produced through its joint venture with Airbus doing business as “OneWeb Satellites”, will ramp-up production this spring at its new, state-of-the-art manufacturing facility in Exploration Park, Florida. Following the company’s successful launch of satellites on February 27th, OneWeb will embark on the largest satellite launch campaign in history. Starting in Q4, OneWeb will begin monthly launches of more than 30 satellites at a time, creating an initial constellation of 650 satellites to enable full global coverage. After this first phase, OneWeb will add more satellites to its constellation to meet growing demands. On the additional investment, Marcelo Claure, COO of SoftBank Group Corp. and CEO of SoftBank Group International said: “OneWeb has extended its first-mover advantage and is on track to become the world’s largest and first truly global communications network. At SoftBank, our aim is to invest in transformative companies at the leading edge of technology disruption. OneWeb’s potential is undeniable as the growth in data from 5G, IoT, autonomous driving and other new technologies drives demand for capacity above and beyond the limits of the existing infrastructure.” OneWeb’s priority rights to a large block of globally harmonized spectrum and its Low Earth Orbit (LEO) constellation design will enable a unique combination of high speed, low latency, and truly global service. OneWeb’s network will go beyond the limits of existing infrastructure, enabling connectivity for rural communities and schools as well as for business and industries that demand seamless global connectivity solutions such as Aviation, Maritime, Backhaul, and Land Mobility. OneWeb’s customers will be able to develop and support a wide range of emerging applications that require real-time communication and collaboration. “I have worked for over 20 years to bring network access to people throughout Mexico and Latin America and have seen first-hand the power of connectivity to change and improve lives. OneWeb will have the ability to reach places that have previously been impossible to connect. We are proud to be supporting Adrian and the entire OneWeb team and are looking forward to creating new opportunities for people everywhere,” said Ricardo Salinas, Founder and Chairman of Grupo Salinas. Greg Wyler, Chairman and Founder of OneWeb, added “We are committed to bridging the digital divide, and this funding helps ensure our globally shared dream will soon become a reality. We look forward to continuing our work with the many supportive and forward-looking Governments, ISP’s, and Telecom Operators to help them broaden the reach of connectivity to connect people everywhere.” OneWeb’s network will provide services to billions and will support the emerging digital economy and advanced mobile application needs. To support the deployment of the system, OneWeb relies on high-tech satellite operation centers in both Virginia and in London, and has installed ground stations in Italy, Norway, and Canada, with more on the way. A global company, OneWeb now has offices in Virginia, London, Florida, California, and has recruited top talent around the world to execute the rollout of its system. For more information please visit www.oneweb.world or follow us on Twitter & Instagram. *** About OneWeb OneWeb's mission is to enable Internet access for everyone, everywhere. OneWeb is building a communications network with a constellation of Low Earth Orbit satellites that will provide connectivity to people around the world. OneWeb is creating business solutions for Broadband, Government and Cellular Backhaul. Its high speed, low latency, network will offer game-changing Mobility solutions to industries that rely on global connectivity, such as Aviation, Maritime, Automotive, Trains and more. www.oneweb.world
|
|
|
IRDM
Mar 19, 2019 9:15:47 GMT -5
Post by redoctober on Mar 19, 2019 9:15:47 GMT -5
|
|
|
IRDM
Mar 19, 2019 9:44:19 GMT -5
Post by Blitz on Mar 19, 2019 9:44:19 GMT -5
red, you said 'reorbited' which means deorbited with a fiery 'flarewell' as they re-enter the atmosphere... as noted in the article.
|
|
|
IRDM
Mar 19, 2019 10:29:27 GMT -5
Post by redoctober on Mar 19, 2019 10:29:27 GMT -5
Oops. Yup. De-orbit. Re-enter. Don't work and post at the same time...
|
|
|
IRDM
Mar 21, 2019 13:17:25 GMT -5
Blitz likes this
Post by bjspokanimal on Mar 21, 2019 13:17:25 GMT -5
IRDM has been a great growth story so far. Amazon was too when they were building out willy nilly and losing a ton of money and now they're going profitable and the stock is doing fine. Hopefully, IRDM will follow that trajectory with NEXT.
|
|
|
IRDM
Mar 21, 2019 13:29:36 GMT -5
Blitz likes this
Post by redoctober on Mar 21, 2019 13:29:36 GMT -5
|
|
|
IRDM
Mar 22, 2019 17:30:54 GMT -5
Post by mrtaxx on Mar 22, 2019 17:30:54 GMT -5
IRDM CEO Just on Creamer 6:15 Eastern time Friday 3/22/19
Just caught the part where CEO said they will be throwing off good Free Cash Flow for the next 20 years
Trades were going by on the ticker with not much movement
|
|
|
Post by Blitz on Mar 27, 2019 10:46:10 GMT -5
Are they going to phase out the older constellation or will it continue to operate indefinitely alongside the NEXT system? Iridium ends legacy satellite service, switches all traffic to Next fleetby Caleb Henry — February 6, 2019 spacenews.com/iridium-ends-legacy-satellite-service-switches-all-traffic-to-next-fleet/Iridium Communications completed deployment of its Iridium Next constellation with the Jan. 11 launch of the final 10 satellites in the system. The constellation consists of 66 operational satellites and nine on-orbit spares. Credit: Thales Alenia Space Artist's Concept WASHINGTON — With its full second-generation constellation now in orbit, Iridium has transferred all its communications services off of its two-decade-old legacy fleet. “For the first time since the initial launch of the system over 20 years ago, zero traffic is going through the old satellites,” Matt Desch, CEO of Iridium, said Feb. 6 at the National Press Club here. The final two satellites in Iridium’s new fleet, called Iridium Next, entered service Feb. 5 at 2:15 p.m. Eastern, completing a refresh that began as the legacy fleet started to lose operational capability. Matt Desch Iridium Matt Desch, Iridium CEO, speaking Feb. 6 at the National Press Club in Washington. Credit: SpaceNews/Caleb Henry Desch said Iridium had already run out of spares and had lost one operational satellite by the time SpaceX launched the first Iridium Next satellites in January 2017. “We were really operating a satellite short,” Desch said. While Iridium was relying on 65 satellites instead of a nominal 66, the company had small service interruptions limited to “a few minutes outage once or twice a day” in areas where the satellite was absent, Desch said. The interruption was so minimal that customers were unaware, he said. Iridium now has 75 satellites in orbit — 66 operational plus nine spares — and six spares on the ground. Desch said Iridium projects a lifespan of 15 years or more for the Iridium Next satellites. European manufacturer Thales Alenia Space built Iridium Next, while Orbital ATK (now Northrop Grumman Innovation Systems) assembled and integrated the satellites in Gilbert, Arizona. SpaceX launched the entire constellation on eight Falcon 9 launches over the course of two years, with the final mission occurring Jan. 11. Whereas the legacy fleet from Motorola and Lockheed Martin was designed mainly for voice communications, Iridium Next is optimized to support substantially more data services. Iridium announced Jan. 6 a transceiver with 35 times the data speed of existing devices. Desch said the device will be available mid-year to select ground segment manufacturers, and generally available by the end of the year. Desch said Iridium has “deboosted” 52 legacy satellites, a process that involves lowering their orbits to catch the Earth’s atmosphere and burn up. So far, 47 legacy satellites have reentered, Desch said. Iridium will deorbit the last 13 legacy satellites over the next few months. Desch said the average time between deboosting and complete deorbiting is 19 days.
|
|
|
Post by Blitz on Mar 31, 2019 9:13:56 GMT -5
Interesting history of changes of COO postion from IRDM to OneWeb and back to IRDM... MCLEAN, Va., Feb. 1, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) announced today that COO Scott Smith has decided to retire effective March 15th. Smith led Iridium's technology and operations, including Iridium® NEXT, which recently completed its final launch. Smith will continue to work with Iridium in a consulting role as the handoff to his successor is completed, with the company wishing him well in his greatly earned retirement. In conjunction with this announcement, the company is welcoming back to Iridium new Chief Operations Officer Suzi McBride. McBride will assume this position effective as of February 11, 2019. Smith first joined Iridium in April of 2010 with a primary goal of helping lead the company into the Iridium NEXT era. This included the design, development, launch and implementation of the new satellite network, including its ability to seamlessly maintain service for existing customers through the transition. During his eight-plus year tenure, the Iridium NEXT program went from concept to reality, with the final SpaceX launch taking place on January 11th and the first new service, Iridium CertusSM, going live for commercial service on January 16th. However, his contributions go far deeper than the Iridium NEXT program. Smith has also left his mark through several enterprise-wide accomplishments including instilling an ever-rigorous engineering and operational discipline within the company. These efforts increased network reliability, company efficiency and productivity, while ensuring a clear understanding of the return on investment of a project or product before its pursuit. In speaking of his time with Iridium, Smith said, "When I joined Iridium almost nine years ago, a daunting task sat in front of us. Replacing our first-generation constellation by itself would be tough enough, but replacing it with a constellation that had significantly improved capabilities while still being compatible with over a million existing deployed devices and never taking the constellation offline brought the challenge to a whole other level." Smith continued, "Iridium NEXT was a once-in-a lifetime opportunity, and I'm proud to have played my part in bringing such an extraordinary system to life. I've been truly lucky to work on such a world-changing project with so many wonderful people, and I know Suzi, my successor, is more than ready to maximize the potential of this new system. I feel such fulfillment in completing the journey I started in 1990, when I first began working on the Iridium dream. I walk into the next phase of my life with a smile on my face. My best wishes to all!" Iridium CEO Matt Desch shared, "We can't overemphasize how important Scott has been to Iridium over these past few years. Bringing Iridium NEXT to life and building state-of-the-art, satellite-based products and services are, in and of themselves, a career's worth of accomplishments." Desch continued, "We've been spoiled to have Scott leading these efforts for Iridium, and now we're being spoiled again by having Suzi back with us in her new role. We're very fortunate to be able to wish Scott a happy retirement with a monumental achievement like Iridium NEXT under his belt, while welcoming someone with Suzi's experience, expertise and leadership abilities. It's a good time to be us." Making a return to Iridium as COO, McBride will lead operations of the Iridium network, including the satellite constellation and associated ground gateways and terminals. This also encompasses all technology innovation on Iridium's new network, including the development and manufacturing of subscriber equipment, new services and applications. Prior to rejoining Iridium, McBride spent the past two-and-a-half years at OneWeb, where she served as COO and Senior Vice President. In that role, McBride built up OneWeb's team of engineers and oversaw the system design, production and testing of the ground and space networks as well as user terminal development. "I'm thrilled to be back at Iridium, especially at such an exciting time for the company, and in many ways my career has come full circle," said McBride. "I worked under Scott (Smith) designing and building Iridium NEXT up to launch, and it's an honor to have him passing me the COO baton." McBride continued, "I already know how strong the team and network are at Iridium. I am looking forward to helping lead the company into this next phase of capitalizing on the new constellation and offering exciting new products and services in the coming years. There are so many possibilities for new, small form-factor devices and the expanding capabilities of Iridium Certus, as well as the incredible potential for satellite-based IoT." During her first tenure at Iridium, lasting over nine years, McBride served as Vice President of Program Management and Launch Services, playing a key leadership role in developing the Iridium NEXT system, leading launch strategy, engineering and hosted payload programs. McBride has more than 25 years of experience, including building and launching the original Iridium satellite constellation while at Motorola's Satellite Communications Group as a senior engineer in the 1990s. McBride received her MBA from the University of Tennessee in the Executive Aerospace and Defense program, and her dual undergraduate degrees are from Columbia University in Industrial Engineering and Claremont McKenna College in Management Engineering. McBride also holds a master's degree in Program Management from George Washington University and is Project Management Institute certified. /////////////////////////////////////////////////////// Suzi McBride Suzi McBride is the Senior Vice President of OneWeb's Program Office, where she is responsible for coordinating the overall project plan to develop, construct, and launch the satellite constellation and ground system. Prior to joining OneWeb, she served as the Vice President of the Iridium Program Management Office and Launch Services. In this position she developed the PMO, and led the launch strategy and supplier selection for Iridium NEXT. She managed the PMO with focus on budget planning, cost and schedule control, and configuration and risk management. Mrs. McBride has spent more than 20 years in program management and engineering in the aerospace and telecommunication industries. Prior to joining Iridium, she held the position of Program Manager at General Dynamics (now Orbital Sciences Corporation) where she managed NASA and U.S. Air Force satellite programs. Prior to joining General Dynamics, Mrs. McBride was a Program Director at Motorola. During her time at Motorola she managed large new technology cellular system implementations in different locations around the world. She also worked for six years on the Iridium program at Motorola’s Satellite Communications Group as a senior engineer in satellite manufacturing and launch. Early in Mrs. McBride’s career she worked for Price Waterhouse in New York City as a management consultant. Mrs. McBride received her MBA from the University of Tennessee in the Executive Aerospace & Defense program and her dual undergraduate degrees, a B.S. in Industrial Engineering from Columbia University and a B.A. in Management Engineering from Claremont McKenna College. She also holds a Master’s degree in Program Management from George Washington University and is PMI certified.
|
|
|
IRDM
Apr 2, 2019 10:27:55 GMT -5
Blitz likes this
Post by redoctober on Apr 2, 2019 10:27:55 GMT -5
Aireon's ADS-B is going live today for aircraft over the North Atlantic.
|
|
|
IRDM
Jan 17, 2020 9:41:30 GMT -5
Post by Blitz on Jan 17, 2020 9:41:30 GMT -5
An update on IRDM... It's a pretty good update but really doesn't address what I think will be growing part of their business... aircraft tracking on oceanic routes. It also somewhat glosses over increasing subscriptions and hardware sales which I feel will grow nicely too. The handsets also offer push-to-talk to groups of people and provide mobile communications during disasters such as hurricanes when electricity and cell towers don't function. If you read the article you can see how adding IRDM via a buyout of Iridium or connecting their existing network to another ancillary source for connecting to the internet or streaming information when the weather is bad or in blank coverage zones... could be very good for K-Band providers to guarantee 100% availability. The link contains charts and tables... seekingalpha.com/article/4317496-iridium-boring-business-exciting-stock-still-buy-long-term-hold?app=1&utm_medium=email&utm_source=seeking_alphaIridium: A Boring Business With An Exciting Stock - We're Still At Buy - Long-Term Hold Jan. 17, 2020 8:50 AM ET|2 comments | About: Iridium Communications Inc. (IRDM), Includes: CTL, T, TMUS, VZ Cestrian Capital Research The Fundamentals Pro-grade real-time analyst service in space, tech and telecom sectors. (2,402 followers) Summary Iridium operates a very boring business. It relays electromagnetic waves from one place to another, sends customers the bill, and collects cash. Every seven years or so it has to spend a room full of cash to replenish its capital asset base. Should you care to be a shareholder in between those capital asset refresh cycles, you could find the experience rewarding. This telecom stock - also a pureplay space stock - has outperformed the S&P500 and most every other US telco in the last 12 months. We're still at Buy - Long Term Hold, based on our long-term fundamental price target which we discuss below. This idea was discussed in more depth with members of my private investing community, The Fundamentals. Get started today » DISCLAIMER: This article is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this article is not an offer to sell or buy any securities. Nothing in it is intended to be investment advice and it should not be relied upon to make investment decisions. Cestrian Capital Research Inc or its employees or the author of this article or related persons may have a position in any investments mentioned in this article. Any opinions or probabilities expressed in this report are those of the author as of the article date of publication and are subject to change without notice. Background We've covered Iridium Communications (IRDM) for a little over six months now. The stock has delivered a strong performance, beating the market in what's been a very strong period for the market itself. We remain at Buy on IRDM, on a long-term basis. Below we walk you through our reasoning. About Iridium Communications IRDM is in essence the world's most basic telecom carrier. It provides niche services delivered via its own, proprietary satellite network. End-users are individuals in geographically remote locations, or other locations such as marine where typical forms of telephony and datacomms are poorly served. The company operates an L-band network which is distinct from the satellite constellations making all the headlines right now (OneWeb, Starlink, etc), which will operate in K-band spectrum. In essence you can think of L-band as low speed but high reliability, and K-band as high speed but lower reliability. If you want to watch Netflix then you likely want K-band. If you absolutely have to have your call connect, right now, whether it be sunny, raining, in a blizzard or a storm, then you absolutely have to have L-band service, because K-band cannot provide that kind of reliability. (It's just to do with the frequencies used in each system - eg. rain interferes with the K-band frequency range in a way it does not with L-band). The company's biggest customer is the US Department of Defense, for reasons you can imagine. The DoD uses IRDM services to connect all manner of federal employees who operate in remote locations, where the weather may very well be inclement for much of the time. Other federal agencies can piggyback on that service. Work for NASA collecting meteorites in Antarctica, and want to call the office? Reach for your Iridium phone, because only IRDM operates suitable satellites in a polar orbit. Plenty of private sector customers use IRDM too. Want to be able to make a call from your ship way out in the ocean? IRDM provides service. Increasingly, IRDM is offering other services on top - a relatively low speed broadband service called Certus is coming on line, and they also provide location services to the airline industry via a joint venture, Aieron LLC, owned in conjunction with a number of national air traffic control agencies. So in essence - it's a niche provider of high-end telecom services, whose principal network elements happen to be in low Earth orbit, not hanging off towers near your local mall or running underneath your street. IRDM Stock Performance - Last Twelve Months Over the last twelve months, IRDM has comfortably outperformed the S&P500. It has also comfortably outperformed most all US telcos. The chart below is on a total return basis - including dividends. Note that IRDM pays zero dividends, as it uses its cash generation to pay down the substantial debt borrowed to fund the most recent satellite fleet rollout. Even so, the stock has been a better total return bet than AT&T (T), Verizon (VZ), T-Mobile (TMUS), CenturyLink (CTL), etc. This is in our opinion because high end is good in telecom. It means relatively little competition and that means some pricing power. IRDM isn't fighting Verizon or Comcast to cut your monthly fiber or cell service bill. IRDM's performance has meant our Buy calls to date have outperformed simply investing in the market. That's easy to say. But in a market as hot as this one, it's nice to see our picks still outperforming. Here's what happened if you followed our Neutral (don't buy) and Buy calls, versus making a Buy of the S&P500 on each occasion we made a call. We use a notional $10k per investment to illustrate. You can find all our prior notes on IRDM here. That link gives you all the notes we've posted here on SeekingAlpha. Valuation Analysis Here's our analysis based on the company's most recent (Q3) earnings. First, the operating performance: And now, valuation (updating for the stock price as of the close of 16 January 2020): A little punchy on the revenue and unlevered free cashflow lines; not too bad on the EBITDA line. But, this is in the context of a market drunk on the Fed's teen spirit. So nothing is cheap. We're Still At Buy. Here's Why. We think that IRDM stock has room to run. We have two bases in logic for this claim. Fundamental Analysis Gives Us A Long-Term $33 Price Target First, our fundamental analysis stands. You can see our most recent long-term model here. Until such time as management raise or cut guidance, this model stands. We assume a significantly worsened market environment than today when it comes to selling the stock in the model (that's why we show a reduced EV/EBITDA multiple at exit time). Our model gives us a long-term price target of a little under $33/share, a 19% uplift on today's closing price of $27.51. Chart Analysis Indicates The Stock Could Be Headed to $32 In The Medium Term Stock charts are wonderful things, open to all manner of interpretation. We're wary of relying on them because of the danger of seeing what one wants to see. In this case however, we see - perhaps we want to see! - that IRDM could head up towards $32 sooner than our fundamental model suggests. Here's the stock going back over a multi-year period. We've drawn in the inevitable sloping lines. Attempting to divine the truth from the runes and the crystals, here's what we think we see ... (1) and (2) are, we think, parallel tramlines bounding the upward trend of the stock over a period of years. You can see that they have acted as fairly accurate lines of support (2) and resistance (1) over a long period of time. We think that this 'trading channel' can continue to confine the stock's upside and downside. (3) is a pretty interesting series of lower highs and higher lows. We observed this and made a call to add to IRDM at the close of 15 January in our Marketplace service. As luck would have it, the stock shot up out of the gate today on news that the debt had been re-rated upwards. The stock closed nearly 5% up on the day. Anyway, we look at that chart and we see that trending up towards $32-33/share is possible, which conveniently matches our fundamental analysis. So at a minimum, we have two forms of analysis coming to a similar conclusion. Which if nothing else increases our own confidence in our own forecast! Nobody knows, of course. Could go either way. But we believe this is a going-up stock still, for all the reasons above. So we remain at Buy - Long Term Hold. Cestrian Capital Research, Inc - 16 January 2020.
|
|
|
Post by Blitz on Jan 28, 2020 12:19:40 GMT -5
IRDM has been a great growth story so far. Amazon was too when they were building out willy nilly and losing a ton of money and now they're going profitable and the stock is doing fine. Hopefully, IRDM will follow that trajectory with NEXT. Iridium CloudConnect Goes Live, Extending IoT on Amazon Web Services Globally www.prnewswire.com/news-releases/iridium-cloudconnect-goes-live-extending-iot-on-amazon-web-services-globally-300994212.html Iridium Communications Inc. (PRNewsfoto/Iridium Communications Inc.) NEWS PROVIDED BY Iridium Communications Inc. Jan 28, 2020 MCLEAN, Va., Jan. 28, 2020 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) announced today that Iridium CloudConnect, the first and only satellite cloud-based solution offering truly global coverage for Internet of Things (IoT) applications, is now actively serving customers. This new service combines Iridium® IoT capabilities with Amazon Web Services (AWS) IoT and cloud services extending customers' IoT reach to the more than 80 percent of the Earth that lacks terrestrial coverage. Iridium CloudConnect, the world's first and only truly global satellite cloud-based solution for IoT applications is officially live. By combining the unique attributes of the Iridium network with the breadth of AWS supporting infrastructure and services, Iridium customers can reduce engineering time, lower fixed operating costs, and experience faster development and deployment of new IoT products and applications. For existing AWS customers, Iridium CloudConnect is providing the ability to easily expand their current service footprint beyond terrestrial coverage, creating the opportunity for additional service offerings and improved performance through the addition of satellite connectivity. "There's been great anticipation for this service since it was first announced, and now our partners and customers can easily experience the full power of IoT using AWS, combined with the only network offering truly global coverage," said Bryan Hartin, executive vice president, sales and marketing, Iridium. "We've built a direct, private connection between our gateway and AWS, making it secure and redundant. This is now a premier satellite cloud-based IoT service." The service makes it easier to do business by translating between industry-standard cloud protocols and Iridium's Short Burst Data® service. This allows virtually any IoT device connected through the Iridium network to speak natively with AWS IoT services as well as other value-added elements available in AWS Marketplace. Iridium's IoT services continue to experience strong subscriber growth. Commercial IoT data subscribers grew 25% from the third quarter of 2018 through the third quarter of 2019, to 767,000 customers. "Iridium CloudConnect illustrates how the Iridium network can connect, monitor, and control assets virtually anywhere on the planet," says Matt Desch, CEO, Iridium. "This validates why we have continued to become the de facto network of choice for customers to develop their satellite IoT services." Through its constellation of 66 crosslinked satellites, Iridium is the only communications company that offers truly global coverage and is ideally suited for IoT applications. For more information about Iridium IoT please visit: www.iridium.com/solutions/iot/For more information on AWS IoT solutions please visit: aws.amazon.com/iot
|
|
|
IRDM
Feb 12, 2020 15:28:12 GMT -5
Blitz likes this
Post by redoctober on Feb 12, 2020 15:28:12 GMT -5
Finally breaking out. $32 today.
|
|
|
IRDM
Feb 13, 2020 9:13:19 GMT -5
Post by Blitz on Feb 13, 2020 9:13:19 GMT -5
I think they should partner with Dish. In fact, a Netflix deal with Dish and IRDM would turn Netflix into a communications and entertainment company. Dish is getting even more spectrum due to the T-Mobile + Sprint M&A and IRDM has excess capacity in its spectrum that isn't affected by the weather. This means Dish could provide communications and internet over the entire planet. At sea, in the air on jets, and in every remote land area of the entire planet.
|
|
|
IRDM
Mar 31, 2020 8:27:18 GMT -5
Post by Blitz on Mar 31, 2020 8:27:18 GMT -5
seekingalpha.com/article/4335189-iridium-is-not-onewebIridium Is Not OneWeb Mar. 31, 2020 8:35 AM ET|4 comments | About: Iridium Communications Inc. (IRDM) Cestrian Capital Research The Fundamentals Fundamentals-based long-term investing ideas in the space & defense sectors Summary The market has left Iridium behind a little during the current bounceback. We suspect this is due to the negative news around OneWeb, a satellite business which has just filed for bankruptcy. Iridium stock may have been caught in the backwash. But Iridium is a growing, predictable, cash generative business and its stock is on sale. In addition, it is one of the companies whose earnings we expect to be impacted least by Covid-19. We're at Buy as a result.
|
|
|
IRDM
Mar 31, 2020 8:30:46 GMT -5
Post by Blitz on Mar 31, 2020 8:30:46 GMT -5
Possible One Web customers that could become Iridium customers... www.oneweb.world/our-partnersOur Partners HOME OUR COMPANY OUR PARTNERS We’d like to express our appreciation to the growing list of committed partners who support and share our vision for affordable internet access everywhere, for everyone. Airbus logo Bharti logo Cocacola logo Grupo Salinas logo Hughes logo Intelsat logo Maxar logo Qualcomm logo Softbank logo Virgin logo Rwanda
|
|
|
IRDM
Apr 15, 2020 17:22:21 GMT -5
Post by halmorris on Apr 15, 2020 17:22:21 GMT -5
Down 0.83 Today to $22.64
|
|