It is commendable that Inmarsat (IMASF) has used their satellite tracking data to conclude the plane is in the ocean off the coast of Perth, Australia. The important piece of information in this whole episode is that CEO of Inmarsat gave a news conference and recommended that all commercial planes be tracked with their software so no plane goes missing like this again and this is going to happen in reality now not only for aeroplanes but also for floating islands i.e. the ships.
We see that Malaysia Airlines flight 370 is going to act as a catalyst for changes in the airline industry. If Inmarsat is integrated into all airlines around the world, we could avoid a lengthy search and potentially save lives. It could also be a profitable investment that boosts the value of ETFs that hold the company.
It is worth mentioning here that SPDR S&P International Dividend (DWX) DWX is one of the top ETFs holding Inmarsat. Thus if you have the facility to get an entry in Inmarsat i.e. directly or indirectly through the ETFs; it makes sense and now is the time to get into the Inmarsat before the whole world gets after this company as it is a reliable satellite data provider.
We are though Indians but think globally and if you have the means and funds then must invest in the company as it has sound fundamentals and this aviation accident is going to bring some legislation on tracking of the airplanes mandatory and Inmarsat will be in a Balle-Balle position. Still looking for Indian stock tips then remember to bookmark us and if you are a hIgh net-worth investor then better do not miss HNI calls as it is custom made for you.