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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 64.36+1.0%Jan 13 3:59 PM EST
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To: SpudFarmer who wrote (11545)4/6/2000 6:06:00 PM
From: Maurice Winn  Read Replies (3) of 29987
 
Spud, <What happens when those who haven't heard start to take a look for the first time and see a raging bargain? >

We have a bit of anecdotal evidence right here. Valueman, whose task it is to make a lot of money and who knows the intricate details about Loral and Globalstar, does NOT see a raging bargain at current prices.

Therefore, I don't see why mobs of newcomers should see a raging bargain either. Maybe sheer numbers would mean a fair crowd of suckers [in Valueman's view] would come in and bid the price up. But if Valueman is correct, then they would gradually become disenchanted and the price would go back to the right value when minutes and profits fail to materialize.

But with Iridium gone, and Inmarsat making money [see previous post - hi TK] maybe there is scope for Globalstar to struggle by.

Maurice

PS: Inmarsat must see the writing on the wall and is trying to offload some shares before they lose subscribers to Globalstar. Meanwhile, let's hope the Service Providers aren't too hopeless about getting roaming agreements sorted out. As many people now know the value in networks is because of the network effect. Without cheap roaming, there won't be a network effect. Globalstar says only 2% of their business will be roaming, but they better be careful, because the other 98% might be dependent to a substantial amount on the availability of roaming.
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