Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 66.72

+7.0%

Dec 22 3:59 PM EST

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To: CDMQ who wrote (1376)	6/20/1998 7:41:00 AM
From: Michael Allard	Read Replies (2) of 29987

Thanks for the Barrons article! I had a couple of hard swallows while reading this report - but it was very enlightening. One misleading comment however, and I quote ... "In all, Globalstar forecasts three million subscribers by 2002,producing more than $2 billion in annual revenues. For investors, though, that doesn't leave a lot of room for error, with the stock effectively trading at close to four times the revenues that are expected four years from now." While this is true, I belive the conclusion to be misleading. As I recall, something like 85% of revenues go to the bottom line. That's a projected profit of $1,700,000,000 which means the stock is trading at a projected 2002 pe of 1.3. That leaves a lot more room for error than this paragraph implies.

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