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EchoStar Corporation (SATS $100.89)
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Telesat Corporation Common and Variable Voting Shares (TSAT $37.25)
5i reccommended TSAT in a recent portfolio update and is now approx $6 higher than when you recommended it. Moved nicely on the govt contract news etc. My question here is what would you reccommend to enter this stock. A) Buy it at market now, B) Average in 1/3 at a time C) Sell an April 30 put at approx $3.5? or D) just wait out the volatility and buy it at a stink price between 25 and 30?
Secondly on a Tom Lee podcast he waxed eloquent about SATS and told listeners that if they don't own it go and buy it. Doesn't do that often with individual stocks. What is your opinion of SATS, it has really come a long way too this year. Would you consider it a buy?
With many thanks
Sheldon
There has been some excitement recently in the space industry, and we feel that this can be a longer-term trend, rather than just a flash in the pan. The growth in low-earth orbit satellites and reusable rocket technology has fueled growth in the industry once again, and we think the SpaceX IPO can play an important role in this. We would be comfortable slowly averaging into TSAT here, while acknowledging it can experience high levels of volatility.
SATS has been rising amid recent headlines that major carriers like Verizon and T-Mobile may pay up for its wireless spectrum holdings. SATS also has a financial interest in SpaceX, and with the news of it going public in 2026, this has turned SATS into somewhat of a public proxy for SpaceX. We think SATS looks interesting, but it does involve some speculation, as any downgrade/upgrade in SpaceX's valuation can have an amplified effect on SATS' price.