Loral (LORL) may be prepping the sale of its 62.8% stake in Canadian satellite operator Telesat,...

|About: Loral Space and Communic... (LORL)|By:, SA News Editor

Loral (LORL) may be prepping the sale of its 62.8% stake in Canadian satellite operator Telesat, a move - according to Miller Tabak's Michael Broudo (the only WS analyst covering the company) - which could boost the stock price by 25%. A November 2010 bid of $6B was reportedly rejected and since then 4 new satellites have been launched, boosting Telesat's sale value to $6.7B-$7B, says Broudo. At that price, Loral is worth $73-$79 per share vs. yesterday's $59.65 close. Previous: SA Pro's Chris DeMuth's One Last Bite At The Apple With Loral.