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 used its third quarter results as means to update investors on where operating EBITDA would end up for 2023 and the continued progress with direct to device</li>
<li>IRDM reported quarterly results missing our estimates due to a larger than expected decline in equipment revenue. </li>
<li>The Qualcomm (QCOM) partnership is poised to emerge as the most significant catalyst for 2024</li>
</ul>


IRDM used its third quarter results as means to update investors on where operating EBITDA would end up for 2023 and the continued progress with direct to device
IRDM reported quarterly results missing our estimates due to a larger than expected decline in equipment revenue. 
The Qualcomm (QCOM) partnership is poised to emerge as the most significant catalyst for 2024


Iridium Communications

IRDM: Valuation Reset, Cash Flow Rising