r/stockmarket
ASTS: the only DD you’ll ever need
Author mocks ASTS, arguing its marginal cell improvements don't justify the egregious valuation, leaving investors with huge bags.
- The core premise only offers marginal improvements to already capable and affordable cell phone plans.
- The stock trades at an egregious valuation multiple completely unjustified by its fundamental utility.
- It is a 'dumpster fire' that deludes retail investors into thinking it will be their salvation.
This violent downturn has undoubtedly left a lot of bag holders in its wake. Here’s some incontrovertible evidence to suggest the stock is going higher:
ASTS is building the first space-based cellular network that connects directly to standard, unmodified smartphones, no special hardware needed. Their BlueBird satellites function as space-based cell towers using massive phased-array antennas, and tests have already demonstrated video calls and high data speeds.
With me so far? The whole premise is that the perfectly capable and modestly priced cell phone plan you have right now might improve marginally. LMAO. And 🫵 actually thought that was worth paying an egregious multiple for 🤡 🤡. Now 🫵 get to participate in the space theme by holding bags so large, they’re visible from Mars. ASTS baggies stand out above all the other space regards that deluded themselves into thinking this dumpster fire of a company would be their salvation. 🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡