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Wednesday, Oct 16
Astrotech jumps on bullish SA Pro article
- Shares of Astrotech (ASTC +6.2%) jump after SA Pro's Inefficient Market makes the bull case (embargoed until 9:30 ET tomorrow) for the commercial aerospace company.
- The author sees Astrotech as an asymmetric opportunity, with downside risk mitigated by profit from the satellite processing ops and a balance sheet with tangible assets 70% above the company's market cap. On the other hand, Astrotech has large upside potential due to the profitability of its satellite unit - if the lagging 1st Detect business becomes profitable, ASTC could reach a level more than double today's price.