Virgin Galactic: Buy, Sell, or Hold?
Virgin Galactic (NYSE: SPCE) has big plans for the future. And it looks like the space flight specialist is inching closer and closer to those dreams. But there's still a long way to go, and one space flight shouldn't be enough for most investors to give this stock the thumbs-up yet.
Here's a look at some important facts you need to understand before buying Virgin Galactic stock.
Virgin Galactic is burning cash as it tries to build out its space flight operations. In the first quarter, free cash flow was negative $139 million. In Q2, it is projecting a cash burn of as much as $140 million. That should fall to between $120 million and $130 million in the third and fourth quarters. So for the full year, the company is expecting to consume over half a billion dollars.
Source Fool.com
