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EUTLF - Still Short Intelsat - Update On Recent Events
Eutelsat Communs Ord
A lot happened last week which strongly supports my bear thesis. Lawmakers proposed an act which prevents the FCC from giving away tens of billions of taxpayer dollars to foreign companies, who never actually bought the spectrum.
This article explains the implications of this proposal and why I think lawmakers are incentivized to pass it. Next, I'll cover particularly strong statements directed at the FCC. Finally, I'll discuss Eutelsat's (EUTLF) decision to leave the CBA.
This article assumes that you've read my previous three on Intelsat (I).