tombo

Why Does Loral Continue to Shoot Up?

I can't provide any light on this, but I have definitely noticed the price rise since this is still on my watch list.

Speaking as one who used to work at the company, my guess is the ever-persistent takeover rumor. I had assumed their plan was to sell out to someone after they came out of bankruptcy, but that never happened so I sold my position a while back.

That said, I haven't heard any rumors from my friends who still work there about any takeover, and I generally don't have an optimistic outlook for their business in our current downturn. Satellites cost a lot of money to build, launch, and insure. They pay nothing back until they are in orbit. Not a great business model in a time of tight credit. Then again, they don't have a lot of competition these days in the large commercial satellite manufacturing biz. I'll be watching for some news.