Only Trades 58 Followers

Summary

Gilat Satellite Networks is rated Buy with a 12-month price target of $9.75, offering 31% upside from current levels.

GILT's valuation is compelling at 8.6x base case EPS, despite weak cash flow, rising share count, and recent insider selling.

The Comtech acquisition, priced attractively at 0.8x sales and 9.4x EBITDA, will double defense revenues, but execution and margin improvement are key risks.

I'd start small, monitor Q3 cash flow and inventory, and exit if working capital does not convert to cash as expected.

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On August 31, a group of Israeli institutions lent Gilat Satellite Networks (GILT) $100 million through a convertible note. The notes pay 3.75% and can be converted into stock at $16. If the shares don't average

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Only Trades 58 Followers

Only Trades is an analyst at a consulting firm, specializing in futures and derivatives analysis for an investment fund based in Vienna.…