VSAT - Viasat: Large Satellite Player Still In Growth Mode
2023-04-02 20:49:25 ET
Summary
- Viasat has continued to see robust revenue growth while posting negative net income.
- Nonetheless, it has posted mostly positive operating income as well as positive operating cash flow for the past decade.
- The company is spending heavily on capital expenditures; it's in growth mode. This very well could be the correct decision by management in the nascent satellite space.
- The firm's financials and tenure indicate that it could be profitable but is choosing to continue growing instead.
- The current market has punished VSAT stock for this growth imperative, and it is now trading at bargain prices for investors that are willing to buy in for the long term.
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Viasat: Large Satellite Player Still In Growth Mode