Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.36

-7.0%

3:59 PM EST

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To: Jeffry K. Smith who wrote (11551)	4/7/2000 2:04:00 AM
From: Maurice Winn	Read Replies (2) of 29987

Sorry Jeff to be unclear [again!]. I was just saying what Valueman thinks = GSTRF and Loral are NOT buys at the moment. He is very well informed, more so than nearly anyone. His particular dislike is the management of the companies. If Irwin Jacobs and co were running Globalstar, it would be another story. But investors cannot separate management from a company. Bad management can destroy anything. You get the assets and the management. The fact that the assets are great does not make the company a great buy if you think the management rotten. I was pointing out that people 'discovering' Globalstar doesn't necessarily make the price go up for longer than a 'sucker's rally'. George Gilder caused 'sucker's rallies' as people bought the company without realizing that GG does NOT say at what price a company should be bought. He just means the technology is great and will succeed. Maybe not with the same shareholders if they can't run the technology properly. On the other hand, my own opinion is that Globalstar is a buy at these levels and I have put a LOT of other people's money where my mouth is. I'm not happy with the marketing efforts, and think they have years of mismanagement still to go since there is no hint of 'Cat's Eye's Minute Pricing'. So I cut my buy price from $35 to $15 to allow for the huge opportunity cost due to a slow and wasteful rollout. What worries me is when my opinion differs from those whose views I value [such as Valueman]. He says don't buy. I say buy. Make up your own mind who has got it right! My $15 guess was wrong since the price then went down to $11. Maurice

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