Iridium Communications Inc. (IRDM): A Bull Case Theory

We came across a bullish thesis on Iridium Communications Inc. (IRDM) on Stock Picker's Corner’s Substack by Stock Picker's Corner. In this article, we will summarize the bulls’ thesis on IRDM. Iridium Communications Inc. (IRDM)'s share was trading at $29.64 as of Oct 29^th. IRDM’s trailing and forward P/E were 31.87 and 39.06 respectively according to Yahoo Finance.

[caption id="attachment_1228779" align="aligncenter" width="768"] A close up of a satellite in space, showing the advanced technology of communications systems.[/caption]

Iridium Communications Inc. operates...