$ASTS

Explicit claim • strong conviction • basis: fair value gap

Still even after forecasting robust growth in free cash flow over the next several years and the very long term when I discounted everything back to today the fair value estimate I calculated for AST Space Mobile was about $35 and that's about half the current market price of $67.

Explicit claim • strong conviction • basis: market mispricing

while the valuation for this company is extremely high and very expensive

Explicit claim • strong conviction • basis: price target upside

ASTS is the stock. And I've been waiting for many months to secure a long-term position here. $50 to $70, I'm a buyer all day long.

Explicit claim • strong conviction • basis: multiple relative

Yet, the market cap sits at nearly 28 billion dollars. Even if we assume a best-case scenario where they hit the absolute highest end of that 2026 guidance, they are trading at a forward price-to-sales ratio of roughly 140. And right now, they are sitting at a trailing price-to-sales of over 320. To put that in perspective, a mature, established telecom operator usually trades at like one or two times its sales. So return to the skyscraper analogy. The market is happily pricing this empty dirt lot as if it is already a fully occupied, rent-generating tower.