Iridium Communications Inc. (NASDAQ:IRDM) recently dropped 24 percent over a period of two days after a poor earnings report, and now looks to offer value. Iridium earnings growth Before the decline, Iridium Communications Inc. (NASDAQ:IRDM) was only trading at a TTM P/E ratio of 10, despite notching up earnings growth of 170 percent during the last three years. Now trading at a TTM earnings multiple of 7.8, the company looks cheap both for its historic earnings growth and compared to the value of its assets – Iridium is currently trading at a price-to-book ratio of 0.6, (net-asset-value of $11.80 per share or,…
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