The $4.5 million added to the bottom line from this deal for the coming year and ongoing for future years looks interesting. Current market capitalisation is $31million. i.e. a PE of less than 7 with no account taken of irridium asset returns. Iridium asset value must be of the order of the Market cap so why is there no great interest from buyers. This looks like it should see a significant revaluation over the new few weeks to months.
Anyone have concerns to the contrary regarding the value of this share?
QAD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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