Slick--so nice of you to return and fill our empty minds with your wisdom. I was simply unaware that "chill winds" would "cometh".
"I predict that stock price will plunge yet again and may only recover in 2000 or so. Last month I predicted it would not recover this year's high. Too much doubt, concern and negativism over the fate of large satellite nets, the Zenit, the impending meteor shower, Asia, global demand, and the race against the clock of mounting debt. The question for me was simply this: can I tolerate that level of pain? The answer was plain."
Pain? What pain has a Loral investor suffered? The pain of a 30.32% return in 1998? Ouch! That smarts! The price will plunge again and not recover until 2000? Please pass the crack.
What will we have in the year 2000? To add to Skynet's Telstar 4 and 5, we get Telstar 6,7,8,9 &10. SatMex will add SatMex 5 to Solidaridad 1 & 2. Orion goes from Orion 1 only , to a 3 sat constellation with the addition of Orion 2 & 3. Cyberstar will be in full swing with its Ku-transponders on Telstar 5 and new Ka transponders on Telstar 8. We should see Loral owning a piece of New Skies, adding 6 more birds to the fleet. UCOM has said they will sell L-Star, so slip them in somewhere at a firesale price. Europe*Star should have launched there first sat by then. G* will be in full swing, growing at a phenomenal rate. By that time Loral will own over 50%. As I look at all this, you are correct Slick. No additional value. Forget any deals with Primestar or Echostar--why bother? GEOs providing phone service to whole countries at pennies per minute? Forget it--too much "chill wind".
Your informed commentary has once again opened my eyes to what a painful mistake I have made. Shame on me. |
