Massive value destruction

Viasat Acquired Inmarsat for $7.3 Billion and now Viasat's market cap is $1.26 Billion.

$6 Billion just disappeared and many investors including employees with RSUs and stocks from the employee purchase program got f*cked.

From $50 down to $8. Paid $2,700 in taxes when they vested and now the stock is barely wort $1,200. And guess what? From what I understand you can only write off $3,000 in losses per year from stock grants.

Now I get why some say sell as soon as you get the RSUs and NEVER, EVER buy company stock in ESPP.

Comment! It's anonymous!

15 replies (most recent on top)

The RSUs should come with a put at the price when the RSU was issued. Wouldn’t cost much compared to executive compensation.

I have seen total value destruction on my restricted shares. Should have sold when they vested a couple years ago. 😩

Viasat is worth around 1.2B, give or take.
“Tiny, irrelevant” Gogo is worth 1B with a fraction of the business lines, a fraction of the staff but way better leadership.

By the time the execs get done patting themselves on the back and printing more stock we'll be down to 5 bucks a share.

If SpaceX is now worth $350 billion, shouldn't Viasat be worth at least a few billion?

Went from paying 27M in interest in 22' to 400M in 23'... company will continue paying for the acquisition year over year until interest rate hikes relax and/or they can pay down debt an order and a half magnitude larger than when the company wasn't in the toilet.

"The $373.6 million increase in interest expense in fiscal year 2024 compared to fiscal year 2023 was primarily the result of the effects of increased interest expense arising from our increased level of indebtedness following the closing of the Inmarsat Acquisition on May 30, 2023"

How many millions is stock and bonuses will Guru, Mark and Kev take this year?

I'd be pretty happy to get my a 100% bonus. Merry Christmas!

Let’s agree it will likely be fun for THEM. More unearned income off the back of layed off competent folks. Sad.

Yes--will be super fun

It will be fun seeing the executive bonuses from this year.

Time to cover shorties. Repeating the same drivel won’t help you now.

Viasat employees made a horrific, terrible decision going to Viasat instead of Qualcomm.

You don't understand the financials if you claim Inmarsat's value was $7.3B. That was enterprise value, i.e. $3.8B debt and $3.5B market cap. And Viasat has been extending maturities and reducing that total debt- in the past year it's been reduced $500M. Viasat is not going bankrupt.

Otherwise, I agree that investor sentiment has been terrible. But investor sentiment can be proven wrong.

400 milly goes poof just paying interest on its debt in FY 24.

Thread regarding ViaSat Inc. layoffs

Massive value destruction

15 replies (most recent on top)

Post a reply