$ViaSat(VSAT.US) fell 7-8 points, with trading volume more than doubling. There's clearly concentrated selling in the satellite communications sector; $Iridium Comm(IRDM.US) actually rose slightly.
Both are in satellite communications, but one is being dumped while the other holds steady. Is $ViaSat(VSAT.US) falling so sharply due to company-specific news I haven't seen, or are highly leveraged satellite operators being sold off first as risk appetite shrinks? It looks more like the latter— $Iridium Comm(IRDM.US) has a much cleaner cash flow and balance sheet. What the market is really differentiating is "who can withstand the pressure of interest rates and financing."
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
