$GSAT channel breakout $2.45 8-bagger corrected
Post# of 98007
Posted On: 05/15/2016 5:47:27 PM
$GSAT channel breakout $2.45
8-bagger corrected
called 7/20/13 $0.63
Website
Motley Fool / Globalstar soared 35% after the satellite company said that the Federal Communications Commission had been in contact with it. According to Globalstar's release, the FCC's Office of the Chairman said that an order has been circulated in advance of anticipated action from the full commission regarding the authorization of the company's Terrestrial Low-Power Service.
The service, also known as TLPS, has been pending before the FCC since late 2012, and Globalstar believes that TLPS can get five times the distance and four times the throughput of public Wi-Fi systems. With an order expected soon, today's jump indicates the hope among shareholders that a positive resolution to the long-standing issue could be imminent. 5/13/16
Shares Outstanding: 910.96M
Float: 416.74M
% Held by Insiders: 56.06%
% Held by Institutions 34.60%
Shares Short (as of Apr 29, 2016): 51.14M
Short Ratio (as of Apr 29, 2016): 19.21
Short % of Float (as of Apr 29, 2016): 12.57%
Shares Short (prior month): 53.47M
Headlines
Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services. It also provides SPOT products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; SPOT Global phone; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company primarily serves recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. Globalstar, Inc. distributes its products directly, as well as through independent agents, dealers and resellers, independent gateway operators, and its sales force and e-commerce Website. As of December 31, 2014, it served approximately 688,000 subscribers. The company was founded in 2003 and is headquartered in Covington, Louisiana.
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