According to Barron's, DigitalGlobe, Inc DGI is positioned to rally into next year despite top exec planning to resign and a key shareholder unloading half of their position.
Barron's posted in a story that most of DGI success is due to CEO Jill Smith who has been running the company for the past five years. Even though Smith is leaving the company Barron's writes "Investors aren't worried about these developments," says Matt Berler, an equity portfolio manager with San Francisco-based Osterweis Capital, large shareholder. "Smith has accomplished a tremendous amount during her tenure and should feel good about leaving. There's still a lot of confidence among investors about the company's business model and outlook.""
DigitalGlobe is also positioned far better then nearest competitor GeoEye GEOY with their expanding capacity. DigitalGlobe has three satellites in the air, versus GeoEye's one, which is very attractive to investors.
DGI closed Friday at $31.55
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