Here’s what I heard:
*VSAT just invented “Monetization” to save us. So we have to believe an Amazon or a Starlink wouldn't be good at that, would they?
*New CFO says that VSAT will delay “projects not essential for customers”. Like, we have so many of them kind of projects?
*The satellite launch projects seem to be delayed but we shouldn’t worry about launch dates as all that matters is EIS (now). So let’s worry about the EIS dates & let’s track them every Quarter now in Earnings.
*Defense & Aviation are growing with all else shrinking. Except, Aviation is in trouble. The claimed Backlog is vulnerable to Starlink & Kuiper. And it is disingenuous (fake?) to claim all them SITA aircraft in “backlog” since they are already VSAT aircraft in the ISAT Indirect channel. VSAT can only lose those revenues if we fail to transition ALL of them on equal or better commercial terms.
*The only true good news is US Defense. But with Trump in charge, who is gonna get the government contracts? Grampa Simpson or FanBoyElon sittin in residence in Mar-a-Lago?
8 replies (most recent on top)
Does a CEO and exec team that has overseen a 90% decline in stock value really deserve to remain?
"The market didn’t like the Earnings sh-t show"
There I fixed it for you....
Under $9!!!
@akt+1voC6H6j found the troll who verified they talks to themselves on here lmao
its an old story, but d'you all recall VSAT was looking to sell off VES even before the ISAT acquisition?
Never happened, rumor is they got close to a deal with some Saudis for VES.
So, it's not just Defense that may get "unbundled".
Question is - what to do with the smelly stuff that remains in VSAT?
You forget the part about selling some assets. "We are open-mindend about that, there are no roadblocks or bottlenecks to any transaction, and we are working on what the valuation is for them. And fortunately, one of the good things is a lot of those government assets especially, they've just been improving a lot recently."
Major shareholders -read the inmarsat owners- are desperately trying to sell assets at the best possible price. This is the only way to recover some of the money they have lost.
As a reminder:
- They have spent 3.3 billions to buy Inmarsat
- At acquisition, they have got 551 millions in cash and 46.5 millions shares (worth roughly 2.1 billions at the date of the transaction)
- today those shares are worth about 450 millions
Elon has already beaten Mark. Nothing left but guiding ViaSat to it's ultimate crash site. But Mark couldn't do it alone, he had help along the way from a lackluster exec and upper management team incapable of the disruptive and innovative ideas they claim on their motivational wall art.
VIASAT should be wary about their defense contracts….
Joe Biden’s visit 2 years ago might bite us in the butt, Trump might look at that as a challenge, especially with his bff Elon in his ear
Would be surprise if Elon is pushing to get those contracts out of Viasat