The analyst highlights that Iridium (IRDM) was acquired by Rocket Lab (RKLB) and had previously shared a bullish thesis on IRDM, indicating a long position.
IRDM has dual-theme exposure to space and drones, trading at attractive multiples with chart signs of bottoming and a potential explosive break over $20.
Make that *four* of our portfolio names acquired this year alone, with Iridium $IRDM being purchased by Rocket Lab $RKLB this morning. $THR $GLDD $SYNA $IRDM I shared a thesis on each of these stocks ahead of the herd, and then had those theses validated by industry peers.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +0.5% | -0.3% |
| 1 week | -3.7% | -5.1% |
| 1 month | -18.7% | -17.2% |
| 3 months | — | — |
| 6 months | — | — |