Mr. Pink's Picks: selected event-driven value investments Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: VIPER85730 who wrote (9284)	6/1/1999 2:00:00 AM
From: Marconi	Read Replies (2) of 18998

Hello VIPER85730: Iridium satellites have a planned life of 5 years and then they need replacement. Without the up front cash they expected to reap to carry the debt and possess a unique infrastructure that would be prohibitively expensive to front the capital to duplicate by potential competitors, leaves Iridium doomed as going concern. Management's cautions are real, serious, and hold bleak prospects. Beyond financing, their technology is aging significantly and is on a relative plateau from the high up front capital approach they buttonholed themselves into that militates against them developing successfully out of their current position. Literally and figuratively Iridium was a launch based on rapid acceleration...it is apparent they have realized instead a huge inertia that is unlikely to get off the ground. I am tempted to short IRID, but there are better opportunities for trading elsewhere. Best regards, m

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next