Intrinsic value of Globalstar - GSAT

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$1.91

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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$1.91

 
Intrinsic value

$0.04

 
Up/down potential

-98%

 
Rating

str. sell

 
Value-price divergence* premium content

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*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of GSAT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  7.78
  4.30
  4.37
  4.43
  4.49
  4.54
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.89
  4.91
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
  4.95
  4.96
  4.96
  4.97
Revenue, $m
  97
  101
  106
  110
  115
  120
  126
  132
  138
  144
  151
  158
  166
  174
  182
  191
  201
  210
  221
  231
  243
  255
  267
  280
  294
  309
  324
  340
  357
  375
  393
Variable operating expenses, $m
 
  36
  37
  39
  40
  42
  44
  46
  48
  51
  53
  56
  58
  61
  64
  67
  70
  74
  77
  81
  85
  89
  94
  98
  103
  108
  114
  119
  125
  132
  138
Fixed operating expenses, $m
 
  133
  137
  140
  143
  147
  151
  155
  158
  162
  166
  171
  175
  179
  184
  188
  193
  198
  203
  208
  213
  218
  224
  229
  235
  241
  247
  253
  260
  266
  273
Total operating expenses, $m
  161
  169
  174
  179
  183
  189
  195
  201
  206
  213
  219
  227
  233
  240
  248
  255
  263
  272
  280
  289
  298
  307
  318
  327
  338
  349
  361
  372
  385
  398
  411
Operating income, $m
  -64
  -68
  -68
  -68
  -69
  -69
  -69
  -69
  -69
  -69
  -68
  -68
  -67
  -66
  -65
  -64
  -63
  -61
  -60
  -58
  -56
  -53
  -50
  -47
  -44
  -41
  -37
  -33
  -28
  -23
  -17
EBITDA, $m
  13
  13
  16
  19
  23
  27
  31
  36
  41
  46
  52
  58
  65
  72
  80
  88
  97
  106
  116
  127
  138
  150
  162
  176
  190
  205
  221
  238
  256
  275
  296
Interest expense (income), $m
  22
  22
  23
  25
  27
  29
  31
  33
  35
  37
  40
  42
  45
  48
  51
  54
  57
  61
  65
  68
  72
  77
  81
  86
  91
  96
  102
  108
  114
  120
  127
Earnings before tax, $m
  -139
  -89
  -91
  -93
  -95
  -97
  -100
  -102
  -104
  -106
  -108
  -110
  -112
  -114
  -116
  -118
  -120
  -122
  -124
  -126
  -128
  -130
  -132
  -133
  -135
  -137
  -139
  -140
  -142
  -143
  -144
Tax expense, $m
  -6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -133
  -89
  -91
  -93
  -95
  -97
  -100
  -102
  -104
  -106
  -108
  -110
  -112
  -114
  -116
  -118
  -120
  -122
  -124
  -126
  -128
  -130
  -132
  -133
  -135
  -137
  -139
  -140
  -142
  -143
  -144

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  10
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,133
  1,176
  1,228
  1,282
  1,340
  1,401
  1,465
  1,533
  1,604
  1,680
  1,759
  1,843
  1,931
  2,023
  2,121
  2,224
  2,332
  2,445
  2,565
  2,690
  2,822
  2,961
  3,107
  3,260
  3,421
  3,590
  3,768
  3,954
  4,150
  4,356
  4,573
Adjusted assets (=assets-cash), $m
  1,123
  1,176
  1,228
  1,282
  1,340
  1,401
  1,465
  1,533
  1,604
  1,680
  1,759
  1,843
  1,931
  2,023
  2,121
  2,224
  2,332
  2,445
  2,565
  2,690
  2,822
  2,961
  3,107
  3,260
  3,421
  3,590
  3,768
  3,954
  4,150
  4,356
  4,573
Revenue / Adjusted assets
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
  0.086
Average production assets, $m
  1,074
  1,120
  1,169
  1,220
  1,275
  1,333
  1,394
  1,459
  1,527
  1,599
  1,674
  1,754
  1,838
  1,926
  2,019
  2,116
  2,219
  2,327
  2,441
  2,560
  2,686
  2,818
  2,957
  3,103
  3,256
  3,417
  3,586
  3,764
  3,950
  4,146
  4,352
Working capital, $m
  -134
  -71
  -74
  -77
  -81
  -84
  -88
  -92
  -97
  -101
  -106
  -111
  -116
  -122
  -128
  -134
  -141
  -147
  -155
  -162
  -170
  -178
  -187
  -197
  -206
  -216
  -227
  -238
  -250
  -263
  -276
Total debt, $m
  576
  612
  656
  703
  752
  804
  859
  917
  978
  1,043
  1,111
  1,182
  1,258
  1,337
  1,421
  1,508
  1,601
  1,698
  1,800
  1,908
  2,021
  2,139
  2,264
  2,395
  2,533
  2,678
  2,830
  2,990
  3,158
  3,334
  3,519
Total liabilities, $m
  971
  1,007
  1,051
  1,098
  1,147
  1,199
  1,254
  1,312
  1,373
  1,438
  1,506
  1,577
  1,653
  1,732
  1,816
  1,903
  1,996
  2,093
  2,195
  2,303
  2,416
  2,534
  2,659
  2,790
  2,928
  3,073
  3,225
  3,385
  3,553
  3,729
  3,914
Total equity, $m
  162
  169
  177
  185
  193
  202
  211
  221
  231
  242
  253
  265
  278
  291
  305
  320
  336
  352
  369
  387
  406
  426
  447
  469
  493
  517
  543
  569
  598
  627
  658
Total liabilities and equity, $m
  1,133
  1,176
  1,228
  1,283
  1,340
  1,401
  1,465
  1,533
  1,604
  1,680
  1,759
  1,842
  1,931
  2,023
  2,121
  2,223
  2,332
  2,445
  2,564
  2,690
  2,822
  2,960
  3,106
  3,259
  3,421
  3,590
  3,768
  3,954
  4,151
  4,356
  4,572
Debt-to-equity ratio
  3.556
  3.610
  3.710
  3.810
  3.900
  3.990
  4.070
  4.150
  4.230
  4.310
  4.380
  4.460
  4.520
  4.590
  4.650
  4.710
  4.770
  4.820
  4.870
  4.920
  4.970
  5.020
  5.060
  5.100
  5.140
  5.180
  5.220
  5.250
  5.280
  5.310
  5.340
Adjusted equity ratio
  0.135
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144
  0.144

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -133
  -89
  -91
  -93
  -95
  -97
  -100
  -102
  -104
  -106
  -108
  -110
  -112
  -114
  -116
  -118
  -120
  -122
  -124
  -126
  -128
  -130
  -132
  -133
  -135
  -137
  -139
  -140
  -142
  -143
  -144
Depreciation, amort., depletion, $m
  77
  81
  84
  88
  92
  96
  100
  105
  110
  115
  120
  126
  132
  139
  145
  152
  160
  167
  176
  184
  193
  203
  213
  223
  234
  246
  258
  271
  284
  298
  313
Funds from operations, $m
  11
  -9
  -7
  -6
  -4
  -2
  1
  3
  6
  9
  13
  16
  20
  24
  29
  34
  39
  45
  51
  58
  65
  73
  81
  90
  99
  109
  119
  131
  143
  155
  169
Change in working capital, $m
  2
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
Cash from operations, $m
  9
  -22
  -4
  -2
  0
  2
  5
  7
  10
  14
  17
  21
  26
  30
  35
  40
  46
  52
  59
  66
  73
  81
  90
  99
  109
  119
  130
  142
  154
  168
  182
Maintenance CAPEX, $m
  0
  -77
  -81
  -84
  -88
  -92
  -96
  -100
  -105
  -110
  -115
  -120
  -126
  -132
  -139
  -145
  -152
  -160
  -167
  -176
  -184
  -193
  -203
  -213
  -223
  -234
  -246
  -258
  -271
  -284
  -298
New CAPEX, $m
  -25
  -46
  -49
  -52
  -55
  -58
  -61
  -65
  -68
  -72
  -76
  -80
  -84
  -88
  -93
  -98
  -103
  -108
  -114
  -119
  -126
  -132
  -139
  -146
  -153
  -161
  -169
  -178
  -187
  -196
  -206
Cash from investing activities, $m
  -25
  -123
  -130
  -136
  -143
  -150
  -157
  -165
  -173
  -182
  -191
  -200
  -210
  -220
  -232
  -243
  -255
  -268
  -281
  -295
  -310
  -325
  -342
  -359
  -376
  -395
  -415
  -436
  -458
  -480
  -504
Free cash flow, $m
  -16
  -146
  -134
  -138
  -143
  -148
  -152
  -157
  -163
  -168
  -173
  -179
  -184
  -190
  -196
  -203
  -209
  -216
  -222
  -229
  -237
  -244
  -252
  -260
  -268
  -276
  -285
  -294
  -303
  -312
  -322
Issuance/(repayment) of debt, $m
  -33
  46
  44
  47
  49
  52
  55
  58
  61
  65
  68
  72
  75
  79
  84
  88
  92
  97
  102
  107
  113
  119
  125
  131
  138
  145
  152
  160
  168
  176
  185
Issuance/(repurchase) of shares, $m
  51
  107
  97
  99
  102
  104
  107
  109
  112
  114
  117
  119
  122
  124
  127
  130
  132
  135
  137
  140
  143
  145
  148
  151
  153
  156
  158
  161
  163
  166
  168
Cash from financing (excl. dividends), $m  
  19
  153
  141
  146
  151
  156
  162
  167
  173
  179
  185
  191
  197
  203
  211
  218
  224
  232
  239
  247
  256
  264
  273
  282
  291
  301
  310
  321
  331
  342
  353
Total cash flow (excl. dividends), $m
  3
  -100
  -90
  -92
  -94
  -95
  -97
  -99
  -101
  -103
  -105
  -107
  -109
  -111
  -113
  -115
  -117
  -118
  -120
  -122
  -124
  -125
  -127
  -128
  -130
  -131
  -133
  -134
  -135
  -136
  -137
Retained Cash Flow (-), $m
  75
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -28
  -30
  -31
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Discount rate, %
 
  12.70
  13.34
  14.00
  14.70
  15.44
  16.21
  17.02
  17.87
  18.76
  19.70
  20.69
  21.72
  22.81
  23.95
  25.15
  26.40
  27.72
  29.11
  30.56
  32.09
  33.70
  35.38
  37.15
  39.01
  40.96
  43.01
  45.16
  47.41
  49.79
  52.27
PV of cash for distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  93.8
  88.7
  84.0
  79.6
  75.5
  71.7
  68.2
  64.9
  61.9
  59.0
  56.4
  53.9
  51.6
  49.4
  47.4
  45.5
  43.8
  42.1
  40.6
  39.2
  37.8
  36.5
  35.4
  34.2
  33.2
  32.2
  31.3
  30.4
  29.6
  28.8

Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services. It also provides SPOT products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; SPOT Global phone; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company primarily serves recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. Globalstar, Inc. distributes its products directly, as well as through independent agents, dealers and resellers, independent gateway operators, and its sales force and e-commerce Website. As of December 31, 2016, it served approximately 689,000 subscribers. The company was founded in 2003 and is headquartered in Covington, Louisiana. Globalstar, Inc. is a subsidiary of Thermo Funding II LLC.

FINANCIAL RATIOS  of  Globalstar (GSAT)

Valuation Ratios
P/E Ratio -15.9
Price to Sales 21.8
Price to Book 13
Price to Tangible Book
Price to Cash Flow 234.8
Price to Free Cash Flow -132.1
Growth Rates
Sales Growth Rate 7.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -24.2%
Cap. Spend. - 3 Yr. Gr. Rate -11.1%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 308.6%
Total Debt to Equity 355.6%
Interest Coverage -5
Management Effectiveness
Return On Assets -9.7%
Ret/ On Assets - 3 Yr. Avg. -11.9%
Return On Total Capital -17.1%
Ret/ On T. Cap. - 3 Yr. Avg. -23.2%
Return On Equity -66.7%
Return On Equity - 3 Yr. Avg. -164.5%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 56.7%
Gross Margin - 3 Yr. Avg. 45.6%
EBITDA Margin -41.2%
EBITDA Margin - 3 Yr. Avg. -82.3%
Operating Margin -66%
Oper. Margin - 3 Yr. Avg. -97.9%
Pre-Tax Margin -143.3%
Pre-Tax Margin - 3 Yr. Avg. -191.5%
Net Profit Margin -137.1%
Net Profit Margin - 3 Yr. Avg. -190.5%
Effective Tax Rate 4.3%
Eff/ Tax Rate - 3 Yr. Avg. 2.3%
Payout Ratio 0%

GSAT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GSAT stock intrinsic value calculation we used $97 million for the last fiscal year's total revenue generated by Globalstar. The default revenue input number comes from 2016 income statement of Globalstar. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GSAT stock valuation model: a) initial revenue growth rate of 4.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 12.7%, whose default value for GSAT is calculated based on our internal credit rating of Globalstar, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Globalstar.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GSAT stock the variable cost ratio is equal to 35.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $130 million in the base year in the intrinsic value calculation for GSAT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.8% for Globalstar.

Corporate tax rate of 27% is the nominal tax rate for Globalstar. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GSAT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GSAT are equal to 1106.7%.

Life of production assets of 13.9 years is the average useful life of capital assets used in Globalstar operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GSAT is equal to -70.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $162 million for Globalstar - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 956.25 million for Globalstar is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Globalstar at the current share price and the inputted number of shares is $1.8 billion.


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COMPANY NEWS

▶ Globalstar, Inc. Earnings Call Release Notice   [Apr-28-17 04:05PM  GlobeNewswire]
▶ Penny Stocks to Watch for May 2017   [12:42PM  Investopedia]
▶ Globalstar Is on Life Support. Will It Survive?   [Apr-18-17 06:02PM  Motley Fool]
▶ Why Shares of Globalstar Surged Today   [Apr-17-17 04:57PM  Motley Fool]
▶ ETFs with exposure to Globalstar, Inc. : April 7, 2017   [Apr-07-17 04:42PM  Capital Cube]
▶ ETFs with exposure to Globalstar, Inc. : March 27, 2017   [Mar-27-17 03:58PM  Capital Cube]
▶ Better Buy: Iridium Communications vs. Globalstar   [Mar-17-17 08:29AM  Motley Fool]
▶ ETFs with exposure to Globalstar, Inc. : March 6, 2017   [Mar-06-17 01:43PM  Capital Cube]
▶ Globalstar reports 4Q loss   [07:07PM  AP]
▶ Globalstar, Inc. Earnings Call Release Notice   [Feb-17-17 04:30PM  GlobeNewswire]
▶ Globalstar Announces Departure of David Kagan   [Jan-23-17 05:00PM  GlobeNewswire]
▶ Why Globalstar, Endologix, and Lands' End Slumped Today   [Dec-27-16 08:03PM  at Motley Fool]
▶ FCC Adopts Globalstar Order   [Dec-23-16 11:09AM  GlobeNewswire]
▶ Why Globalstar, Inc. Stock Skyrocketed Today   [Dec-22-16 02:17PM  at Motley Fool]
▶ Are Hedge Funds On To Something With Buckle Inc (BKE)?   [Dec-03-16 05:45PM  at Insider Monkey]
▶ Hedge Funds Are Buying Acceleron Pharma Inc (XLRN)   [Nov-30-16 05:14AM  at Insider Monkey]
▶ Why Globalstar Inc. Stock Plunged Today   [Nov-10-16 12:59PM  at Motley Fool]
▶ Five Cheap Tech Stocks Poised to Gain   [Sep-17-16 03:23PM  at Insider Monkey]
▶ Globalstar posts 2Q profit   [Aug-04-16 07:45PM  AP]
▶ Heres Why These Five Stocks Are Advancing on Monday   [Jun-20-16 02:25PM  at Insider Monkey]
Stock chart of GSAT Financial statements of GSAT
Valuation of Stocks

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