Iridium Communications Inc. (IRDM)

[investinthefuture]

The IRDM PR on Iridium GO yesterday is a good sign of things to come. Although the product it a bit limited at this point with the current Iridium satellite constellation capabilities, it foreshadows what's coming next year when the Iridium NEXT constellation launches. At that point, Iridium GO will provide a high bandwidth "MiFi-like" capability anywhere on the planet, not just where there is cell coverage.

Basically you could turn on your Iridium GO in the middle of Africa or Antarctica, turn on your laptop and iPad, and you're connected. That's a competitive edge that no one else has, and the barrier to entry for getting into that market is that you need a worldwide constellation of satellites in earth orbit.

Although wireless internet is pretty ubiquitous in the US right now, there are plenty of first-worlders who travel to parts of the world where it's hard to come by reliable connectivity. Their companies will pay for universal access from Iridium GO in a heartbeat.

As soon as the first NEXT birds go into space and come online next year, I think this stock will do quite well. Probably to the $10-15 range at least IMO.