Hmmm, earnings downgrade, that's a shocker... Share price...

Hmmm, earnings downgrade, that's a shocker... Share price holding surprisingly well all things considered.

This overpaid Board and management team really need to start focusing on execution of the business rather than trying to spruik the market. Looking at the growing short position and the share price, the market clearly isn't listening to the spin (earnings downgrades don't help for that matter). Focusing on Total Contract Value (TCV) is misleading and in no way reflective of EOS's likely performance. Similarly, announcing a teaming agreement for a potential tender is hardly price sensitive... this is run of the mill business for a defence prime (which is how EOS is increasingly trying to position itself). When the spin looks too desperate and results don't follow, it gives the shorts a winning hand.

Spacelink does not appear to be going well on the funding side, messaging on funding partners has dried up and now been pushed to Q4 from Q3... As was mentioned in a separate post, why would a third party invest $100s of millions in spacelink and let EOS control the vehicle when you could just acquire all of EOS?? It would be a shame for EOS to make a mess of this, as the market opportunity appears real.

I think the business has potential and clearly has some leading capabilities, though they need people that know what they're doing. At the moment, Board / management are the short's best friend.