IRDM - Iridium Communications Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Jan 21, 2017.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. It offers postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services; push-to-talk services; and machine-to-machine services for sending and receiving data from fixed and mobile assets in remote locations to a central monitoring station. The company also provides other services, such as inbound connections from the public switched telephone network, short message services, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, it offers voice and data solutions, including personnel tracking devices; asset tracking devices for equipment, vehicles, and aircraft; aircraft and submarine communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence community, such as secure satellite handsets, as well as offers voice, netted voice, data, messaging, and paging services; and maintenance services for the department of defense’s dedicated gateway. The company was founded in 2000 and is headquartered in McLean, Virginia.

    [​IMG]
     
  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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  3. rg7803

    rg7803 Well-Known Member

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    9$ zone seems reasonable solid ground; may worth a play there
     
  4. homosapienfromterra

    homosapienfromterra Active Member

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    $IRDM stock price has now pulled back to the level it was when I first mentioned this stock. The low was March 1st at $7.80. Current pattern seem to be a flat channel with lows around 9.85 and highs around $10.60. Last two days two green candles on increased volume could this be a breakout?
    So what are the fundamentals. Iridium are launching a modern constelation of satellites that will number about 160. Each launch contains 10 satellites. They have launched 10 satellites so far and 10 are due to launch on June 25th the day before earnings making trading then complicated. Then launches due in August, October and December. So by the end of the year they will have 50 satellites in orbit.
    They have been using Spacex for launches and as the reader of this will know SpaceX have been launching reused and therefore cheaper rockets so we should see gains through reduced launch costs.
    The ATP is currently 12.60 and is rising so look out for dips worth watching and doing your own DD
     
  5. Stockaholic

    Stockaholic Content Manager

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    nice breakout on this one!

    Iridium beats Street 3Q forecasts
    MCLEAN, Va. (AP) _ Iridium Communications Inc. (IRDM) on Thursday reported third-quarter profit of $29.3 million.
    The McLean, Virginia-based company said it had profit of 23 cents per share.
    The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
    The satellite phone company posted revenue of $116.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $114.4 million.
    Iridium shares have increased 14 percent since the beginning of the year. The stock has increased 35 percent in the last 12 months.
     
  6. Don Voss

    Don Voss New Member

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    Highly recommend Iridium Communications to hold all of 2019 (IRDM). As of Jan 7th, 2019, all satellites and 9 orbiting spares should be in place. They will not only provide 100% worldwide satphone coverage, but broadband internet as well. They are partnered with Amazon AWS, giving them worldwide coverage as well. They host Aireon onboard, a private company that will direct airliners by satellite, with control towers as redundant backup in high traffic areas. FLYLT is also onboard, giving a sat based airliner monitor and also a "black box" function. ExactEarth onboard will track ships worldwide. HRS will provide our military with communications worldwide. GOGO will provide worldwide local TV and movies for business class on airliners.
     
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  7. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Appears there was some big money buying this last Fryday. Good risk reward in here with a stop under Monday's low.

    Daily HLC bars:
    upload_2018-12-27_0-40-29.png

    The point and figure gives a price projection to 39.50 on the base count. A couple more columns in the re-accumulation trading range and it could be ready to move out.

    Point & Figure:
    upload_2018-12-27_0-43-7.png
     
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  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    One of the strong performers this year that is up YTD.

    Prior to ER, the year's high was $42. It pumped past that on ER, and has spent all month accumulating above $44 even. This stock is holding up post-ER.
     

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