SATS: Operating data for 3Q2010 Oct-Dec positive with increase in all measures both YTD and yoy. For the quarter on a yoy basis, services were up 4.4%, flights were up 5.8%, passengers handled were up 2.1%, cargo was up 3.2% and gross meals produced up 4.3%...
All 9M2010 results saw a yoy improvement of greater than 5%. As of last yr, meal services contributed 67.0% of rev, and gateway services 32.2%. Operating results support above Deutsche report and should guide for a better 3Q result…
SATS trading at P/E 16.76x, but has shown improvement of +50% in prev year rev compared to 08-09 figures. Based on half yr results, co is on track to meet prev yr rev figures.
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