Questioning the history of Intelsat and future as a long; a few questions:
Per the Wiki page for I stock, they have a rich history and serving many countries.
In 2005, Intelsat was sold for 3.1B. Then in 2007, BC partners acquired 3/4 of I for 3.75B euros. Apparently after that, they since have sold their stake in I for unknown reasons.
In 2013 was IPO of I, and 90% of cash raised went towards debt.
More recently, as of even Nov 2019, Intelsat spent 50M for BlackSky.
To me, it seems Intelsat has no problem continuing to spend and leverage debt and as an investor, when you see the fact there are really no Qtrs where a profit is shown, it makes you wonder where share price can ultimately end up.
Not trying to bash, not trying to pump, just would like an intelligent discussion about the financial fundamentals for a bit.
Seems like the bonds have bounced off lows of .37c and are somewhere north of
.50c now if that means anything...
Also, looking back on old posts, it appears Intelsat has authorization to issue another 1B shares. Highly dilutive from a current share count, if someone wants to weigh in on that also.
Thanks in advance
