Opinions
The Panic-Proof Portfolio (Stockchase Research)
Telesat
TSAT-T
PAST TOP PICK
Apr 02, 2024
$10.870
Stock price when the opinion was issued
communications
media
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
This Canadian based satellite operator provides services to direct-to-home broadcasters, government agencies and the oil and gas sector. The company just announced an expanded contract with the Department of Defense. It trades under 2x earnings, under book value and supports a 30% ROE. We recommend placing a stop-loss at $11, looking to achieve $17 -- upside potential of 18%. Yield 0%
communications
media
Our PAST TOP PICK with TSAT has triggered its stop at $11. To remain disciplined, we recommend covering the position at this time.