SATS: Cargo And Food Businesses' Prospects Are Favorable
Source: SeekingAlpha
2025-03-25 18:14:04 ET
Summary
- I maintain a Buy rating on SATS due to the positive outlook for its food and cargo businesses.
- Its cargo division is gaining share after successfully integrating its prior acquisition of Worldwide Flight Services.
- The new frozen food meals business is more profitable than its traditional airline catering operations, and this bodes well for the food solutions segment's overall margins for the future.
I continue to be bullish on SATS Ltd. ( OTCPK:SPASF ) (S58.SI). Its shareholder return policy and ambitions for the long run were in the spotlight with my prior July 25, 2024 update ....
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SATS: Cargo And Food Businesses' Prospects Are Favorable
Singapore Airprt Termnal
NASDAQ: SPASF
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