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

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

Iridium Communications / Equity Bottom-Up

<ul type="disc"><li>
Iridium Communications (IRDM) continues to grow its Internet of things (“IOT”) subscribers at an accelerated pace compared to the prior year with broader adoption of using satellite communications from commercial and retail customers.</li></ul> <ul type="disc"><li>Upgrading to Buy from Neutral. Price target is now $60 from $37.</li></ul> <ul type="disc"><li>The sell through of personal communication devices is leading to viable consideration of using IRDM’s service in other consumer electronics, including smartphones. This is expanding the addressable market potential of IRDM’s Certus service.</li></ul> <ul type="disc"><li>IRDM reported third quarter revenue of $162.2 million compared to our estimate of $150.6 million. The strength in the business was broad based with IRDM’s channel partners demanding more equipment than initially forecast.</li></ul> <ul type="disc"><li>After nearly a year on the sidelines, we are upgrading to a Buy Rating with IRDM’s investment story focused on execution and broadening use case.</li></ul>


Iridium Communications (IRDM) continues to grow its Internet of things (“IOT”) subscribers at an accelerated pace compared to the prior year with broader adoption of using satellite communications from commercial and retail customers. Upgrading to Buy from Neutral. Price target is now $60 from $37. The sell through of personal communication devices is leading to viable consideration of using IRDM’s service in other consumer electronics, including smartphones. This is expanding the addressable market potential of IRDM’s Certus service. IRDM reported third quarter revenue of $162.2 million compared to our estimate of $150.6 million. The strength in the business was broad based with IRDM’s channel partners demanding more equipment than initially forecast. After nearly a year on the sidelines, we are upgrading to a Buy Rating with IRDM’s investment story focused on execution and broadening use case.

Iridium Communications

IRDM: Space for Reentry, Buy