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Wednesday, January 16, 2013

Undervalued Stock Detected (NASDAQ: IRDM)

Shares of IRDM fell by 0.88% or $-0.06/share to $6.76. NASDAQ is trading at a price to book ratio of 0.67. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.66 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.33. On average, 536848 shares of IRDM exchange hands on a given day and today's volume is recorded at 1162551. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Iridium Communications Inc. is a provider of mobile voice and data communications services via satellite.