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Technology Stocks : Loral Space & Communications
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To: Don Limb who started this subject10/13/2000 4:36:47 PM
From: Rocket Scientist  Read Replies (1) of 10852
 
It takes 250M$ to build launch and insure a new GEO satellite (anyway that's what Solidaridad 1 was insured for). They take two years or more to build and another year or more after that to fill up to the point that revenues exceed operating + interest costs. Loral controls 10 GEOs now and is spending cash to expand the fleet.

If it costs 250M$ to expand the fleet by 10%, s/h would be a lot better off for the company to buy back the shares. At 5 bucks a share, 250M$ would reduce the shares outstanding by 15%. Of course, it's not clear that 50M shares are really available at 5$, but I for one would like to find out. There's certainly no lack of 50K blocks available at 4 1/2, and no apparent external interest in buying. Maybe it's time the company set an example.
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