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Ron Baron Comments on Iridium Communications

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May 09, 2022
Summary
  • Shares contributed to performance.
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Iridium Communications Inc. (

IRDM, Financial) is a leading mobile voice and datacommunications services vendor offering global coverage via satellite. Shares contributed on solid performance against all key growth initiatives. Iridium’s voice and Internet-of-Things segments remained strong while new product launches such as Certus 100 and 200 should support additional adoption of Iridium’s broadband solutions. Management is leveraging strong profitability to execute its shareholder-friendly capital allocation program with an acceleration of repurchasing activity.

From

Ron Baron (Trades, Portfolio)'s Baron Focused Growth Fund first-quarter 2022 letter.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure
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