Maybe it's time again to talk about earnings forecasts for Loral and G*. The subject got a little stale last year, while we were waiting for the launches; but now, with four launches in three months behind us and four more in the next three months, and the stocks still sinking, maybe we can return to how much money these birds can generate (and when).
I have an earnings model that might make some professionals here cringe, but I believe it's conservative, and it predicts:
Loral, 99, -1$ (well that's management's prediction, actually)
00, -.74
01, +.60
02, +1.60
03, +3.10
04, +>4$
GSTRF, 99 -1.20
00, -1.70
01, +.85
02, +>2.50
03, +>6$
04, +>9$
Forecasts are intended to be fully diluted, after tax reported earnings per share (GSTRF share, not GLP share). Loral estimates assumptions include no C*, or Skybridge, Satmex at breakeven, among others. Would appreciate other views...on the earnings forecasts and on what stock prices they could support. |
