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

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

Iridium Communications / Equity Bottom-Up

<ul>
<li>IRDM has announced the termination of its partnership with Qualcomm (QCOM). The news is disappointing, but not a surprise.</li>
<li>IRDM has not included revenue from the partnership within its guidance for 2023 nor its 2030 free cash flow target</li>
<li>We were hopeful QCOM was looking to make a bigger splash at CES in January 2024 with a new update</li>
</ul>


IRDM has announced the termination of its partnership with Qualcomm (QCOM). The news is disappointing, but not a surprise.
IRDM has not included revenue from the partnership within its guidance for 2023 nor its 2030 free cash flow target
We were hopeful QCOM was looking to make a bigger splash at CES in January 2024 with a new update


Iridium Communications

IRDM: QCOM Partnership Terminated