Intelsat And SES: All Systems 'Go'

About: Intelsat S.A. (I), SGBAF
by: Kerrisdale Capital Management
This article is exclusive for subscribers.
Kerrisdale Capital Management
Hedge fund manager, long/short equity, value, special situations

Since Kerrisdale's report on Intelsat and SES last month, important developments occurred that further solidify Kerrisdale's confidence in the stocks' upside potential.

Key commissioners at the FCC's July 12th meeting argued in favor of the Intelsat/SES proposal and against alternate outcomes.

Recently reported earnings results indicate stable operating performance and outlooks for the core businesses of Intelsat and SES.

Since we released our original, full-length report on Intelsat (NYSE:I) and SES (EPA: SESG) (OTCPK:SGBAF) a month ago, events have unfolded even more rapidly than we expected, and our confidence in