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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: mmeggs who wrote (4720)	5/19/1999 11:41:00 AM
From: djane	Read Replies (1) \| Respond to of 29987

Thanks for the report. I particularly like: -Navarra's 1st slide entitled "How Globalstar differs from Iridium" -$33/share 12-month target -EPS positive by Q400 and 94% EBITDA margins by 2002 -EBITDA positive with 220,000 customers -Cover operating expenses and interest with 550,000 customers -Completely earnings positive with 1 million customers -Company expects G* to have about 1M customers by end of 2000 -2002 earnings number is substantially higher, about 56%, than our expectations of $5.41. [Let's see. $7.50/share at 40 multiple (could be higher (50+) as G-2/G-3 look probable) = $300/share in 2002 -- I could live with that :-)]