Globalstar

GSAT

8 Followers
$18.92 -0.68% -$0.13
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6 August
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GSAT Fair Price

$81.11
Overvalued by 45.2%
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Globalstar, Inc. is an American company specializing in providing satellite communication services worldwide. Its satellite networks enable communication in areas where traditional terrestrial infrastructure is not available, making it ideal for remote areas, maritime vessels, or aviation companies. Globalstar offers a wide range of services, including voice calls, data communication, vehicle tracking, and other industrial applications. The company is known for its reliability and global reach, making it an attractive choice for various sectors and customers. Shares of Globalstar, Inc. could be suitable for investors seeking exposure to satellite technologies and potential growth in the communication services sector.

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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.

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The Apple deal is great and it's good news, but it doesn't guarantee the company's success.
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