- GOGO enjoys a growing margin and provides a strong long-term outlook.
- With or without tax benefits, the company provided a positive normalized bottom line.
- Its declining assets, especially its working capital, remain solid pressures.
- Valuations seem to be the problem and the risk from its highly speculative credit rating from Moody’s.
- Trading at high multiples of 6.03x trailing P/S ratio and a potential bullish exhaustion price action, this stock is ripe for a landing.
For further details see:
Gogo Is Flying Too Fast, Is Overvalued And Near Its 52-Week High