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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.48
IRDM's Cash to Debt is ranked higher than
80% of the 941 Companies
in the Global Telecom Services industry.

( Industry Median: 0.31 vs. IRDM: 0.48 )
IRDM' s 10-Year Cash to Debt Range
Min: 0.24   Max: No Debt
Current: 0.48

Equity to Asset 0.45
IRDM's Equity to Asset is ranked higher than
82% of the 901 Companies
in the Global Telecom Services industry.

( Industry Median: 0.38 vs. IRDM: 0.45 )
IRDM' s 10-Year Equity to Asset Range
Min: 0.41   Max: 0.78
Current: 0.45

0.41
0.78
F-Score: 5
Z-Score: 1.00
M-Score: -2.79
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 28.88
IRDM's Operating margin (%) is ranked higher than
97% of the 944 Companies
in the Global Telecom Services industry.

( Industry Median: 11.99 vs. IRDM: 28.88 )
IRDM' s 10-Year Operating margin (%) Range
Min: -16.2   Max: 28.72
Current: 28.88

-16.2
28.72
Net-margin (%) 16.62
IRDM's Net-margin (%) is ranked higher than
94% of the 944 Companies
in the Global Telecom Services industry.

( Industry Median: 6.41 vs. IRDM: 16.62 )
IRDM' s 10-Year Net-margin (%) Range
Min: -58.11   Max: 16.85
Current: 16.62

-58.11
16.85
ROE (%) 6.47
IRDM's ROE (%) is ranked higher than
77% of the 913 Companies
in the Global Telecom Services industry.

( Industry Median: 12.35 vs. IRDM: 6.47 )
IRDM' s 10-Year ROE (%) Range
Min: -9.84   Max: 8.19
Current: 6.47

-9.84
8.19
ROA (%) 2.77
IRDM's ROA (%) is ranked higher than
77% of the 952 Companies
in the Global Telecom Services industry.

( Industry Median: 4.57 vs. IRDM: 2.77 )
IRDM' s 10-Year ROA (%) Range
Min: -7.29   Max: 3.93
Current: 2.77

-7.29
3.93
ROC (Joel Greenblatt) (%) 7.32
IRDM's ROC (Joel Greenblatt) (%) is ranked higher than
73% of the 950 Companies
in the Global Telecom Services industry.

( Industry Median: 21.42 vs. IRDM: 7.32 )
IRDM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -6.3   Max: 10.93
Current: 7.32

-6.3
10.93
Revenue Growth (3Y)(%) -2.90
IRDM's Revenue Growth (3Y)(%) is ranked higher than
74% of the 843 Companies
in the Global Telecom Services industry.

( Industry Median: 3.90 vs. IRDM: -2.90 )
IRDM' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 51.6
Current: -2.9

0
51.6
EBITDA Growth (3Y)(%) 6.40
IRDM's EBITDA Growth (3Y)(%) is ranked higher than
84% of the 751 Companies
in the Global Telecom Services industry.

( Industry Median: 3.30 vs. IRDM: 6.40 )
IRDM' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 223.5
Current: 6.4

0
223.5
EPS Growth (3Y)(%) 32.60
IRDM's EPS Growth (3Y)(%) is ranked higher than
94% of the 703 Companies
in the Global Telecom Services industry.

( Industry Median: 2.30 vs. IRDM: 32.60 )
IRDM' s 10-Year EPS Growth (3Y)(%) Range
Min: 0   Max: 141
Current: 32.6

0
141
» IRDM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

IRDM Guru Trades in Q4 2013

Jim Simons 72,649 sh (New)
Paul Tudor Jones 126,300 sh (+46.35%)
Chuck Royce 1,782,106 sh (+31.42%)
Mario Gabelli 85,000 sh (+6.25%)
Steven Cohen Sold Out
Whitney Tilson 346,224 sh (-3.17%)
» More
Q1 2014

IRDM Guru Trades in Q1 2014

Steven Cohen 25,898 sh (New)
Chuck Royce 2,188,989 sh (+22.83%)
Mario Gabelli 90,000 sh (+5.88%)
Whitney Tilson Sold Out
Paul Tudor Jones Sold Out
Jim Simons Sold Out
» More
Q2 2014

IRDM Guru Trades in Q2 2014

Ron Baron 9,139,870 sh (New)
Jim Simons 117,699 sh (New)
Paul Tudor Jones 43,100 sh (New)
Chuck Royce 2,391,489 sh (+9.25%)
Mario Gabelli 90,000 sh (unchged)
» More
Q3 2014

IRDM Guru Trades in Q3 2014

Jim Simons 248,699 sh (+111.3%)
Mario Gabelli 94,000 sh (+4.44%)
Chuck Royce 2,482,689 sh (+3.81%)
Ron Baron 9,190,510 sh (+0.55%)
Paul Tudor Jones 16,200 sh (-62.41%)
» More
» Details

Insider Trades

Latest Guru Trades with IRDM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2014-06-30 New Buy0.31%$6.13 - $8.37 $ 9.7630%9139870
Whitney Tilson 2014-03-31 Sold Out 3.5%$5.98 - $7.78 $ 9.7646%0
Whitney Tilson 2013-12-31 Reduce -3.17%0.12%$5.45 - $6.78 $ 9.7662%346224
Whitney Tilson 2013-09-30 Reduce -8.52%0.25%$6.6 - $9.05 $ 9.7630%357559
Mario Gabelli 2013-09-30 Add 86.05%$6.6 - $9.05 $ 9.7630%80000
Whitney Tilson 2013-06-30 Reduce -9.14%0.2%$6.02 - $7.85 $ 9.7639%390862
Mario Gabelli 2013-06-30 New Buy$6.02 - $7.85 $ 9.7639%43000
Whitney Tilson 2013-03-31 Reduce -20.58%0.62%$6.03 - $7.29 $ 9.7646%430192
Whitney Tilson 2012-12-31 Add 3.87%0.11%$5.61 - $7.61 $ 9.7650%541671
Richard Snow 2012-12-31 Sold Out 0.01%$5.61 - $7.61 $ 9.7650%0
Whitney Tilson 2012-09-30 Add 533.2%1.85%$7.04 - $9.63 $ 9.7620%521510
Whitney Tilson 2012-06-30 Reduce -82.72%0.99%$8.27 - $8.95 $ 9.7614%82361
Richard Snow 2012-06-30 Reduce -49.1%0.01%$8.27 - $8.95 $ 9.7614%21070
Richard Snow 2012-03-31 Reduce -33.92%0.01%$7.19 - $9.39 $ 9.7627%41395
Whitney Tilson 2011-12-31 Add 43.56%0.55%$5.52 - $7.71 $ 9.7645%454249
George Soros 2011-12-31 Sold Out 0.0013%$5.52 - $7.71 $ 9.7645%0
Whitney Tilson 2011-09-30 Reduce -61.77%1.25%$6.32 - $8.89 $ 9.7627%316419
George Soros 2011-09-30 Reduce -28.66%$6.32 - $8.89 $ 9.7627%11700
Richard Snow 2011-09-30 Add 40.27%$6.32 - $8.89 $ 9.7627%52755
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Iridium Communications Inc

SymbolPriceYieldDescription
IRIIZ0.000.00Perp Conv Pfd Shs Series -A- -144A-
IRDMB361.332.756 3/4 % Cum Conv Perp Pfd Shs Series -B-
IRDDA0.000.007 % Cum Conv Pfd Shs Series -A-

Guru Investment Theses on Iridium Communications Inc

Ron Baron Comments on Iridium Communications Inc - Jul 28, 2014

Iridium (IRDM), a satellite enabled voice and data communications company, had declined from over $9 per share in 2013 to $6.10 this year when we invested in that business. Iridium provides unique and valuable communications services to the Department of Defense. It also enables machine to machine communications (The Internet of Things) as well as enabling flight safety improvements and improved airline economics.



Iridium Communications Inc. operates a group of satellites used for worldwide voice and data communication from hand-held satellite phones and other transceiver units. The stock rose significantly in the second quarter, driven by increasing investor confidence in its growth prospects. We participated in a capital raise by Iridium, purchasing its convertible preferred stock. Iridium used its proceeds to fund the build of an advanced satellite constellation. We believe this will be a unique asset with significant growth opportunities around M2M (machine to machine) and flight safety and control (Aireon). Its Department of Defense businesses will continue to provide significant cash flow. (Gilad Shany)



Iridium Communications Inc. provides mobile voice and data communication services using a constellation of low-earth orbiting (LEO) satellites. Due to its unique architecture, IRDM’s constellation is the only network with full coverage across the globe (including polar regions, open ocean and other remote locations). Over the next three years, IRDM will deploy its next generation constellation which will allow it to add significant capabilities and accelerate growth in new markets (M2M or machine-to machine, aviation, maritime and more).We believe one of these initiatives (Aireon) has the potential to save billions of dollars through commercial aviation route optimization and improve its real time coverage. In today’s “always on, always connected” world, the need for connectivity is ever growing. IRDM’s current business (government and commercial) is contracted and recurring. Complementing this with growth opportunities, we believe, will allow IRDM to expand margins, improve its returns on investments and optimize its capital structure and returns to shareholders. (Gilad Shany)



From Ron Baron (Trades, Portfolio)’s Baron Funds Second Quarter 2014 Report.



Check out Ron Baron latest stock trades

Baron Funds Comments on Iridium Communications Inc - Jul 22, 2014

For example, we invested in Iridium Communications Inc. (IRDM), which operates satellites used for voice and data communication via handheld satellite phones and other transceivers. Iridium is developing the world’s first satellite-based global air traffic surveillance system, which we think has the potential for transformational improvements in flight safety, control and efficiencies. As of June 30, 2014, the stock was up nearly 40% since our initial investment in early May 2014.



From Baron Funds' Second Quarter 2014 Shareholder Letter.



Check out Ron Baron latest stock trades

Top Ranked Articles about Iridium Communications Inc

Ron Baron Comments on Iridium Communications Inc
Iridium (IRDM), a satellite enabled voice and data communications company, had declined from over $9 per share in 2013 to $6.10 this year when we invested in that business. Iridium provides unique and valuable communications services to the Department of Defense. It also enables machine to machine communications (The Internet of Things) as well as enabling flight safety improvements and improved airline economics. Read more...
Baron Funds Comments on Iridium Communications Inc
For example, we invested in Iridium Communications Inc. (IRDM), which operates satellites used for voice and data communication via handheld satellite phones and other transceivers. Iridium is developing the world’s first satellite-based global air traffic surveillance system, which we think has the potential for transformational improvements in flight safety, control and efficiencies. As of June 30, 2014, the stock was up nearly 40% since our initial investment in early May 2014. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 14.80
IRDM's P/E(ttm) is ranked higher than
92% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 22.30 vs. IRDM: 14.80 )
IRDM' s 10-Year P/E(ttm) Range
Min: 7.18   Max: 109.33
Current: 14.8

7.18
109.33
P/B 0.76
IRDM's P/B is ranked higher than
97% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 2.84 vs. IRDM: 0.76 )
IRDM' s 10-Year P/B Range
Min: 0.45   Max: 1.19
Current: 0.76

0.45
1.19
P/S 2.33
IRDM's P/S is ranked higher than
75% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 1.71 vs. IRDM: 2.33 )
IRDM' s 10-Year P/S Range
Min: 1.08   Max: 7.83
Current: 2.33

1.08
7.83
EV-to-EBIT 12.62
IRDM's EV-to-EBIT is ranked higher than
89% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 17.20 vs. IRDM: 12.62 )
IRDM' s 10-Year EV-to-EBIT Range
Min: -66.1   Max: 36.4
Current: 12.62

-66.1
36.4
Shiller P/E 28.39
IRDM's Shiller P/E is ranked higher than
87% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 39.53 vs. IRDM: 28.39 )
IRDM' s 10-Year Shiller P/E Range
Min: 21.73   Max: 29.82
Current: 28.39

21.73
29.82
Current Ratio 5.67
IRDM's Current Ratio is ranked higher than
98% of the 926 Companies
in the Global Telecom Services industry.

( Industry Median: 1.03 vs. IRDM: 5.67 )
IRDM' s 10-Year Current Ratio Range
Min: 0.01   Max: 6.03
Current: 5.67

0.01
6.03
Quick Ratio 5.41
IRDM's Quick Ratio is ranked higher than
97% of the 926 Companies
in the Global Telecom Services industry.

( Industry Median: 0.97 vs. IRDM: 5.41 )
IRDM' s 10-Year Quick Ratio Range
Min: 0.01   Max: 5.75
Current: 5.41

0.01
5.75

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.85
IRDM's Price/Tangible Book is ranked higher than
98% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 15.55 vs. IRDM: 0.85 )
IRDM' s 10-Year Price/Tangible Book Range
Min: 0.6   Max: 1.72
Current: 0.85

0.6
1.72
Price/Median PS Value 1.39
IRDM's Price/Median PS Value is ranked higher than
75% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 1.11 vs. IRDM: 1.39 )
IRDM' s 10-Year Price/Median PS Value Range
Min: 0.72   Max: 4.41
Current: 1.39

0.72
4.41
Price/Peter Lynch Fair Value 0.65
IRDM's Price/Peter Lynch Fair Value is ranked higher than
99% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 9999.00 vs. IRDM: 0.65 )
IRDM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.59   Max: 0.59
Current: 0.65

Price/Graham Number 0.71
IRDM's Price/Graham Number is ranked higher than
97% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 9999.00 vs. IRDM: 0.71 )
IRDM' s 10-Year Price/Graham Number Range
Min: 0.44   Max: 12.89
Current: 0.71

0.44
12.89
Earnings Yield (Greenblatt) 7.90
IRDM's Earnings Yield (Greenblatt) is ranked higher than
88% of the 931 Companies
in the Global Telecom Services industry.

( Industry Median: 6.10 vs. IRDM: 7.90 )
IRDM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.7   Max: 37.8
Current: 7.9

2.7
37.8

Business Description

Industry: Communication Services » Telecom Services
Compare: » details
Traded in other countries:6IC.Germany,
Iridium Communications Inc., formerly GHL Acquisition Corp., was organized under the laws of the State of Delaware on November 2, 2007. On February 21, 2008, it consummated its initial public offering and on September 29, 2009, it acquired, directly and indirectly, all the outstanding equity of Iridium Holdings LLC, or Iridium Holdings, and the Company changed its name from GHL Acquisition Corp. to Iridium Communications Inc. The Company is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering global coverage. The Company's satellite network provides communications services to regions of the world where existing wireless or wireline networks do not exist or are impaired, including remote or rural land areas, open ocean, the polar regions and regions where the telecommunications infrastructure has been affected by political conflicts or natural disasters. The Company offers voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, in-orbit spares and related ground infrastructure, including a main commercial gateway. The Company's commercial end-user base, which it views as its main growth engine, is diverse and includes markets such as emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation. It also offers a combined voice transceiver and data modem, which its distributors integrate into a variety of communications solutions that are deployed in different applications around the world. It currently faces substantial competition from other service providers that offer a range of mobile and fixed communications options. The Company's most direct competition comes from other global mobile satellite services providers. Currently, its main global mobile satellite services competitors are Inmarsat, Globalstar, Thuraya Telecommunications Co., or Thuraya, and ORBCOMM. The Company competes mainly on the basis of coverage, quality, mobility and pricing of services and products.
» More Articles for IRDM

Headlines

Articles On GuruFocus.com
Ron Baron Comments on Iridium Communications Inc Jul 28 2014 
Baron Funds Comments on Iridium Communications Inc Jul 22 2014 
Weekly 3-Year Low Highlight: EW, NUAN, MNK, CROX, IRDM Nov 03 2013 
CEO of Iridium Communications Inc. Matthew J. Desch Bought 15,000 Shares Aug 07 2013 
Whitney Tilson Keeps Up with Iridium Jan 07 2013 
comment on IRDM Jan 02 2013 
Weekly CFO Buys Highlight: PTSX, MTG, IRDM, SQNM, FNFG, LF Aug 13 2012 
"Powerball" Ideas - $IRDM + $IRDMZ warrants Feb 02 2012 
T2 Partners Annual Letter - Discussion of Each of His 15 Long Positions Jan 10 2012 
Whitney Tilson Top Buys Nov 15 2011 

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