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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Ipsofacto who wrote (72575)	3/23/2023 7:04:33 PM
From: Iron Mick	1 Recommendation Recommended By pak73 Respond to of 78763

RE: ASTS Down 42.6% from 52 week high. Long-term debt looks good and is down looking at their last 10-Q. Current ratio looks good. Cash situation looks a bit rough though.Going into a turbulent economic 2023/2024 they stated in their last 10-Q they had sufficient cash for 12 months at the time of the report. They need to issue shares to fund their CAPEX. They estimate they will need $300-340M to fund their 20 satellites. Cash & cash equivalents went from $321,787 as of Dec 2021 down to $198,869 in Sept 2022. OPEX increased from $60,328 to $110,268. Their office leases are non-cancellable in the event they do need to make adjustments. Interesting concept though and will keep on my radar! ======= ======= Side note, apologies to all I have been away for a bit. In early Feb I saw some bearish signals with the dollar rally and had switched positioning from value stocks to some short positions (mainly focused on small-caps). Has worked out given the moves in the Russell. Hope everyone has been well! -Sean