The Holy One of Israel Levels Mountains, Sends Satellites Orbitless Through Deep Space (IRDM)

Iridium Communications Inc. (NASDAQ:IRDM) is a satellite telecommunications provider—which means they watch and record your every sound and movement, then send all the juicy details to the relevant agencies of the deep state.

Oh, yeah—and you also get to pay for the privilege.

It’s strange world, Bobby…

Stranger still, Iridium’s vital statistics!

Here are the fundamentals, if you will—

• First, P/E is 910.15 (not a mistake).  But analysts consider that a tad exaggerated.  They’re suggesting that a year from now it will post at a more reasonable 243.92, if you see what I mean.
• Dividend Yield is a windy 0.85%, and…
• Price to Book is a trans-orbital 6.84.
• Debt to Equity is also too high at 1.32, and…
• Earnings per Share for the last five years have DECLINED by 35.90% per annum.

Kind warms you up, doesn’t it…?

• And the kicker: insiders sold $35 million worth of stock in the last six months—a full quarter of their holdings (25.16%)!

Maybe they’re privy to some information…?

Maybe they’re privy to all our information?!

Satellite Dragnet

Is it a mere coincidence that the company’s headquarters in McLean, VA are but a skippity-do from the CIA’s headquarters in that same small town!?

Hmm…

The spymasters at IRDM will announce their first quarter ’23 earnings in just two weeks.  So, we believe now is an opportune time to set our trade.

Now look at the chart—

Shevi’i shel Pesach is just 48 hours away.

Celebrate the death of the evil ones with good wine and a nice brisket!

Many happy returns!

Matt McAbby

Follow @HughLOHaynew