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,...
Only subscribers can access this article, which is part of the PRO research library covering 3,760 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: