Globalstar shares rose yesterday by more than 30% after the company announced an extension to its agreement with Apple (more in Flash News). I wasn't familiar with this company and frankly wasn't very interested, but the Apple deal is interesting and maybe the company has potential.
What's your take on $GSAT?
The Apple deal is great and it's good news, but it doesn't guarantee the company's success.
The company certainly has potential, but the price is currently too high, so I will wait to buy.
For me, it's still a big risk and the Apple deal doesn't mean much to me.
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Interesting deal, but from my point of view investing in such companies is riskier, so I'll just keep an eye on it :)