Globalstar, Inc ( GSAT )
GSAT is a really impressive company, and has been on a tear for more than half of 2013. Formerly a Nasdaq listed company GSAT was delisted from Nasdaq and moved down to the OTC markets. After a couple months of acclimation to the OTC markets which is more of a quotation service than an exchange like Nasdaq, GSAT started to break out considerably.
Let’s take a look at GSAT’s chart. Click the chart to take a closer look.
This chart shows a 200% increase in GSAT, while GSAT is up over 700% from it’s bottom of a quarter per share. Don’t we all wish that we loaded up then! Maybe this is a sign of more things to come from GSAT, or is GSAT starting to cool off a little bit.
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Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world. The Company’s products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, flexible airtime service packages and the SPOT family of mobile satellite consumer products including the SPOT Satellite GPS Messenger. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. Note that all SPOT products described in this press release are the products of Spot LLC, which is not affiliated in any manner with Spot Image of Toulouse, France or Spot Image Corporation of Chantilly, Virginia
GSAT has increased it’s revenues by 10% up to $22.5 Million in 2013, compared to $20.5 Million in the third quarter last year. These are some great figures, and GSAT’s earnings are up too.
Nonetheless the big questions on everyone’s mind is where does GSAT go from here.
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