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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (9556)	8/10/2001 2:45:54 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 10852

Well, Mq, Loral is kind of a mirror image of QCOM. QCOM has great management, and a great business model, but a sky high stock price Loral has lousy management, a marginal business model, and stock price in the toilet. I can't bring myself to sell either one (though I sell calls on the Q). IMO, Loral is much more likely to double or triple from here than is Q and the risk of its going to zero is vastly overstated. EBITDA was 1.5X interest expense this quarter and likely to be 1.75X next year; and it owns 27%of G* debt which I still believe will be worth a lot one of these days.