BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

IRDM: Accounting and Competition, Downgrading

Iridium Communications: Initiation of Coverage - Can It Capitalize On The IoT Explosion? - Major Drivers

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

Iridium Communications / Equity Bottom-Up

<ul>
<li>IRDM reported second quarter results where an increase in IOT subscribers was paired with the Company buying back more stock.  </li>
<li>IOT has been a core underpinning for IRDM’s growth with the number of subscribers ramping this past quarter. IOT subscribers grew by 71 thousand in the quarter from Q1.</li>
<li>IRDM reported second quarter revenue of $201.1 million compared to our estimate of $205.3 million. We had been expecting a higher engineering revenue estimate than IRDM generated.</li>
</ul>


IRDM reported second quarter results where an increase in IOT subscribers was paired with the Company buying back more stock.  
IOT has been a core underpinning for IRDM’s growth with the number of subscribers ramping this past quarter. IOT subscribers grew by 71 thousand in the quarter from Q1.
IRDM reported second quarter revenue of $201.1 million compared to our estimate of $205.3 million. We had been expecting a higher engineering revenue estimate than IRDM generated.


Iridium Communications

IRDM: IOT Driven Quarter