If you have been wondering whether Iridium Communications is starting to look like a bargain or just a value trap, you are not alone, and this is exactly the kind of stock where valuation really matters.
The share price has bounced 7.5% over the last week and 12.7% over the past month, but it is still down 36.2% year to date and 36.6% over the last year. That suggests sentiment has shifted, but conviction is still fragile.
Those moves come against a backdrop of ongoing interest in satellite connectivity for remote and critical communications, including government and enterprise contracts that keep Iridium in the conversation when investors think about niche space infrastructure plays. At the same time, increased competition in low…
