Professional
Added to YB: 2024-01-26
Pitch date: 2024-01-26
NN [bullish]
NextNav Inc.
+283.96%
current return
Author Info
Laughing Water Capital is a boutique investment partnership. Our partners believe that careful analysis of a select group of businesses can lead to above average investment returns for equity investors. Our small size and patient approach give us an advantage that cannot be matched by traditional asset managers or hedge funds that are focused on the day to day gyrations of the stock market, rather than the fundamental value of businesses. Visit their website.
Company Info
NextNav Inc. provides positioning, navigation, and timing (PNT) solutions in the United States. The company offers Pinnacle, an accurate altitude service for public safety applications, including enhanced 911 for Verizon and national cellular network providers.
Market Cap
$1.8B
Pitch Price
$3.74
Price Target
N/A
Dividend
N/A
Sector
Software
Category
special_situation
Laughing Water Capital new position - $NN
$NN owns 8MHz 900MHz spectrum, pursuing GPS biz but real value may be in repurposing for 5G broadband. Paid <$0.30/MHz-pop vs $2-7 comps. Involved parties have history of successful spectrum investments. Upcoming FCC filing to split spectrum could drive dramatic re-rating.
Read full article (5 min)