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I guess it won't be all Ariane for Iridium NEXT
On Jun 23, 1:27*pm, Rick Jones wrote:.
They must be expecting rather large increases in revenue and earnings with the next generation satellites to pay-off that debt. Or that the DOD will bail them out again... -Mike |
#12
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I guess it won't be all Ariane for Iridium NEXT
"Rick Jones" wrote in message ... The power of the bankruptcy "do over" is indeed remarkable. I have to wonder though - they got something on the order of 1.8 billion USD in credit for the next-gen satellites and launches. Their Q1 2010 revenues were not quite 82 million USD. And they were claiming that 2010 would still come-in at something like 145 to 155 million USD EBITDA. They must be expecting rather large increases in revenue and earnings with the next generation satellites to pay-off that debt. rick jones -- That's the "DA" in EBITDA. It assumes things are provided by a fairy godmother - in effect, this is how much money we made, assuming we got all the expensive bits for free. |
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