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0.000286368843069817 0.000286368843069817 -0.00458190148911789 -0.00343642611683841 -0.00343642611683841 -0.00343642611683841 -0.00343642611683841 -0.00343642611683841
Stock impact report

Iridium: More Of A Utility-Like Play Than A Growth Investment In Tech [Seeking Alpha]

Iridium Communications Inc (IRDM) 
Last iridium communications inc earnings: 4/28 07:01 am Check Earnings Report
US:NASDAQ Investor Relations: investor.iridium.com
Company Research Source: Seeking Alpha
IRDM's aggressive buybacks have ceased to prioritize deleveraging, removing a key support for the stock price amid a 40% decline over the past year. Despite recurring revenue growth and a rising dividend, shareholder equity has more than halved in 11 quarters, with net debt to EBITDA at 3.5x and EV/Sales over 4x. I rate IRDM a Sell due to unclear operating leverage, slow high-margin growth, mounting debt, and intensifying competitive headwinds in the satellite services sector. skiserge1/iStock via Getty Images Uninitiated investors might understandably be misled into thinking that Iridium Communications Inc. ( IRDM ) is a technologically advantaged growth company, but long-time investors are well aware of the high expectations and the misfortunes that eventually led This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hou Show less Read more
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