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

To: Valueman who wrote (2063)	3/2/1998 4:03:00 PM
From: dougjn	Respond to of 10852

Your post wants a lot more analysis than I can give it at the moment. My off the cuff comment is: I assume you are not mixing before and after tax valuations, right? In general, it does seem to me that the market is valuing Gstrf and Lor at quite disparate levels. I think the basic reason is this. Both stocks are at this point story stocks. Neither has 98, or even 99, earnings to speak of. Lor's story (as your post would help to illustrate) is very complex, and if anything, the residual besides G* is even further out in the future. G's story on the other hand is a simple, home run or bust story. You know, complex technology and all, but a simple economic story. (The kind of tech story the Street loves, once it catches.) And G's time is drawing into the intermediate term horizon. Hence the stock runs way up in a bullish market. I'm not complaining, since I have more than twice as much Gstrf as Lor, despite Readware's recommendations. My basic reasoning was: if the story I REALLY believe in is Globalstar, buy that story, at least to begin with. Besides, when the price got into the low 40s I just couldn't stand the greed factor, and backed up my truck. <ggg> Doug