Kerrisdale Capital Issues Negative Report on ViaSat Inc. and Announces Conference Call Schedule
- ViaSat's satellite-based residential broadband business likely to be extinct in 5 to 10 years due to competing terrestrial operators
- Average Revenue per User (ARPU) has been inflated by non-core products that will erode under competitive pressure, causing ARPU to decline over the next few years
- The addressable market of rural and under-served homes is rapidly shrinking due to accelerating technological advancements in wireless, DSL and other terrestrial home broadband delivery solutions
- The company continues to burn cash and earn poor returns in pursuit of its doomed-to-fail business model
NEW YORK, June 13, 2017 /PRNewswire/ -- Kerrisdale Capital, a private investment manager, has published a report explaining its short position in ViaSat Inc. (NASDAQ:VSAT), a $4 billion satellite services company whose main business is delivering consumer home internet via satellites. Kerrisdale believes that ViaSat is worth 50% lower than the current share price, as the company faces increasing obsolescence in its core residential internet segment.
The full report can be found at http://kerr.co/vsat.
Kerrisdale has a short position in ViaSat and stands to benefit if its share price falls.
Conference Call Schedule
Kerrisdale will host a conference call on Tuesday, June 13 at 10:30am ET to discuss the ViaSat report.
To participate in the conference call, dial 888-567-1602 (US and Canada) or 862-255-5346 (international) and reference the Kerrisdale Capital call.
About Kerrisdale Capital
Kerrisdale Capital Management, LLC, is a fundamentally-oriented investment manager that focuses on long-term value investments and event-driven special situations.
Contact
Agnes Cao
Kerrisdale Capital
[email protected]
212-257-4385
Kerrisdale Capital Management, LLC is a member of the Financial Industry Regulatory Authority, CRD number 160804.
SOURCE Kerrisdale Capital Management, LLC
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