Joseph P. Porter
Medium-term horizon, ETF investing, industrials, fundamental analysis

ORBCOMM, Inc.: Why I Have Reservations

ORBCOMM, Inc. (NASDAQ:ORBC) is an attractive-looking company; when one looks closer, however, there seem to be some issues which, if I'm to be honest, give me reason for pause. That is not to say that an investment here would be inadvisable, but that it might be a better idea, in my opinion, to sit on the sidelines for the time being.

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The Company

Founded in 1993 as ORBCOMM Global L.P. - which went bankrupt and whose assets were acquired by the current operators - ORBCOMM is a technology company providing machine-to-machine, telematic ("M2M") data communications services. To accomplish this, the company:

    operates a constellation of 27 low Earth orbit (LEO) satellites; maintains cellular communications ...
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