Near a 52-Week Low and Buying Back Shares, Is Iridium Stock a Buy?
Iridium Communications (NASDAQ: IRDM) stock is in the dumps. Down 37% in 52 weeks, the satellite communications stock enjoyed a modest revival in July after beating on second-quarter earnings, and promising to maintain -- or even slightly accelerate -- its Q2 rate of 4% sales growth through the end of this year.
At the time, I suggested that Iridium stock looked inexpensive at a price-to-free cash flow (FCF) ratio of 12.
The stock has gotten a bit more expensive since. Regardless, Iridium itself now agrees that its stock is a "buy."
Source Fool.com
