May. 11 at 8:43 PM
$ASTS here’s the problem: if you calculate the DCF for this company from the bottom up , you’re ignoring a serious constraint .
Try adding up the total available profit for all the telecom B2B future clients of
$ASTS ,
In order to generate enough revenue to earn a profit large enough to even closely justify their valuation, they’d have to take all/most the profits from
$VZ $T , etc,, etc..
They’d trigger a cascade of dividend cuts among all their costumers ?
It’s not logical
