Iridium Communications Makes A Bold Move That Creates Long-Term Growth

2026-05-14 18:58:34 ET

The last couple of months have been a really stellar time for shareholders of Iridium Communications Inc. ( IRDM ). I have long been a big fan of the company. But even I have been surprised by the fact that shares are up 77.5% since I rated the business as a Buy candidate back in March of this year. Over that same window of time, the S&P 500 (SP500) is up only 12.3%. That article actually represented a downgrade from the Strong Buy I had assigned the company previously. And that was driven by a 35.6% surge in price since the previous article that I had written about it, as well as some fundamental softness that the company had been exhibiting. That softness has continued on the bottom line. But on the whole, management continues to focus on slowly expanding the company while simultaneously generating significant cash flows to pay down debt and return to shareholders....

Read the full article on Seeking Alpha

For further details see: