Space signals spell trouble for NewSat

The high-profile satellite operator suddenly faces trouble on many fronts.

Space can be a dark place. Shareholders of Australia’s only listed satellite operator are already experiencing the feeling after watching NewSat’s (NWT) value nearly halve this year.

There are a number of drivers behind NewSat’s recent fall from grace, and these factors cast a long enough shadow over the stock for me to decide against re-initiating coverage.

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