GOGO
✈️ Offers a recurring business model with sunk costs for users.
🔒 Has a low churn rate of only 5%.
📡 Business aviation broadband penetration is at 35%.
🤝 Recently acquired Satcom Direct, consolidating the market into a duopoly against Starlink.
@bernardodegarcia:
“Bley Capital is betting on Gogo, a provider of connectivity in executive aviation. Gogo offers a recurring business model with sunk costs for the user, and its churn rate is only 5%. With business aviation broadband penetration at 35%, Gogo has significant potential for expansion. It recently acquired Satcom Direct, consolidating the market into a duopoly, especially against Starlink. The stock trades around nine times free cash flow and is expected to produce more than $2 of free cash flow per share in 2028. The company is growing at a forward rate of 21%.”
Watch the exact part of the video where Bernardo talks about Gogo here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Gogo (GOGO) at the following link. GOGO stock.
