Tim Byers

Picks and shovels.

And I'll tell you why.

Because none of this works unless you get more miniaturized satellites and you really introduced massive cost reductions in the unit cost of launches.

You have to have more mini-satellites, you have to be able to launch them effectively, you have to be able to launch them, even probably from, like, you need to have space platforms in which you can repair and also launch new mini-satellites that would allow this kind of network to act pervasively and give you the kind of coverage that would make these things affordable.

but that's the move.

Like the phones themselves, who cares?

The network itself, yeah, there's infrastructure that needs to be built there.

None of it matters.

Not a lick of it matters unless you get incredible unit economics in launch and mini-satellite.

That would be where I'm looking.

What do you got?

I got Sport Radar.

Dan, this is ticker SRAD.

They provide data to sports leagues and to gamblers.

They got absolutely crushed by two pretty damning short seller reports, this was recently, that accused them of doing business with illegal gambling sites, which is not great.

The company has since denied the claims.

But here's what's interesting, Dan.

They just reported this week their earnings and revenues up 11.9%, free cash flow up 37.5%.

And I like this.

Following that report, CEO and founder Karsten Korl bought 340,000 shares on the open market.