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Technology Stocks : CDMA, Globalstar versus Iridium, Inmarsat, etc.
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To: blue_lotus who wrote (303)9/23/1997 8:37:00 PM
From: I. Luttichuys   of 381
 
I'm sorry... it's 2.2 in revenue. It's an estimate which I first heard from an acquaintance who is one of the founders of LOR.
It has also been mentioned on the wires. It is no secret that this is what they expect if Bernie Schwartz is successful in executing their current business plan. With the recent addition of Saudi Arabia to the customer base, they are 85% of the way there... as far as customers anyway.
As far as getting in... there is a chance one could get lucky and a rocket could blow up. If not, given the first launch and additional milestones are set to come in fairly rapid succession, I don't see things getting much cheaper.
My attitude has been that, if the company goes where it thinks it will, which my sources say has a very good chance of happening, why should I worry about timing. In the end it may be worrying about pennies. I guess, as in all stocks, one has to decide whether the company's odds of success a good. Then... it doesn't so much matter where one gets in.
I suppose if I were getting in now, a good strategy might be to take 1/2 a position now and, half if it pulls back. Then I would hold the stock until 2002 at least. No matter what happens.
The number I am hearing is 500-1000/share by 2002. If revenues do turn out to approach 2.2 billion, one can take out quite a bit for taxes etc and divide by the 30,000,000 shares outstanding and multiply by a P/E of 20 to 30 and you will come up with a number in that area.
BENNETT
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