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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: thecatwoman_ who wrote (50934)	4/21/2001 3:21:54 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

LOR - That was due to a one-time write-down of enormous Globalstar loss. It was priced in at $7. Also this is a company which had a 5 years plan expecting losses for 3-4 years while they built out their satellite fleet. The satellites generated 1.3 billion revenues. But it's true investors see that and it scares them off, just ike investors were scared of LU a few weeks ago. Globalstar is the only reaon the stock is down so much, but it was unfairly beaten down even more during this last downdraft. Book value is about $6 but the real value's even higher (after debts). Now that the Globalstar write-off is all but complete and they will put no more money in, they're cleared for take-off again.