Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 50.53

+4.7%

Nov 7 9:30 AM EST

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To: Maurice Winn who wrote (13793)	6/22/2000 4:51:00 PM
From: KyrosL	Read Replies (1) of 29986

Maurice, your bond reasoning is correct. BTW, not only Jon is buying the bonds. I too have bought a bunch. I think they are a better bet than most utilities and junk bond funds, and their yield is much higher too. At 28 cents on the dollar (my average price), the ones with 11.375 coupon yield a cool 40% per year interest. And 4 years from now, you get a 3 + bagger, if GSTRF doesn't go bankrupt -- a fair bet, IMO. Heck, the bonds look pretty good even at 50 cents on the dollar. People will soon start realizing that an ultra-efficient satellite communications system that works very well ought to be worth something. Kyros

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