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Inmarsat's share price seems to be a falling knife at the moment, down to 608 today.  I bought some shares years ago at 400.


There are troubles ahead for the satellite industry and a dividend cut may be on the cards, but with a P/E of < 15 and a Return on Assets of 6.6% I may well buy some more.

Edited by Will!

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Well, I bought some more, noticed a bit late that their dividend cover was less than one, sold all of them and then bought them back at a bit below 400 this time but the news just keeps coming:

The Register: This ain't over, Viasat snarls as tribunal rules in satellite rival's favour

Inmarsat is a strange mix of really good technological engineering and terrible Jack Welch of General Electric (hat tip to @spyguy) financial engineering.

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