Why Does Loral Continue to Shoot Up? [View article]
Loral has a constant backlog of high-value satellite purchases and TT&C contracts. It takes at least 18 months to build a satellite. Perhaps the backlog is spelling good news for them, since if the purchasers of those satellites goes bankrupt, which SIRI most definitely will, there are people in line behind them to snap up the satellites being built in progress and modify them for their own purposes. The same thing happened to MCI ASkyB, whose birds were eventually purchased by DirecTV even before launch.
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Latest | Highest ratedIs Sirius XM Positioned for Government Contracts? [View article]
Why Does Loral Continue to Shoot Up? [View article]
The same thing happened to MCI ASkyB, whose birds were eventually purchased by DirecTV even before launch.