Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 51.11

+8.9%

Nov 5 3:59 PM EST

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To: mmeggs who wrote (12105)	5/3/2000 4:51:00 PM
From: mmeggs	Read Replies (2) of 29986

In a related note: Entrust Capital Downgrades Marine Construction Sector New York, May 3 (Bloopberg) -- Shares of several boat manufacturers lost ground today when Entrust Capital analysts downgraded the sector based on competitive concerns. "We really think this boating thing is overdone. I mean really, why does anyone need boats when they already have cars?" one analyst noted. Noting that the price of a boat can be very high relative to a car, the analyst offered this assessment, "There just aren't enough people out there who live on lakes and oceans to allow these companies to survive." The analyst said he was "short" the sector, meaning he makes a profit in the event of share price declines. History is replete with sectors having fallen by the wayside with the advance of the automobile. "Chariots, horse-and-buggies, and other industries have all been devastated by the rise in it's popularity, with many of those companies having declared bankruptcy. The boating industry is simply the next to fall in the evolution of transportation," the Entrust report continued. Mickey Mouse Marine shares fell 3 3/4 in heavy trading today.

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