Right now, Globalstar (OTCQB:GSAT) provides satellite communication and location services. This is unremarkable and not very profitable either. However, a piece of news today brought something to my attention. The piece of news was this, on Bloomberg: "Amazon Is Said to Have Tested a Wireless Network." The piece goes on about how Amazon.com (AMZN) made a test on GSAT's spectrum, but what's more important is that it brought GSAT to my attention. What follows is the result of my ensuing due diligence.
As I said, and we can mostly ignore it, Globalstar's present business revolves around providing worldwide communications and location services. It's a business, which appeals to a few niches,...
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