Thread: GSAT
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Old 03-18-2014, 01:05 PM
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redaddiction redaddiction is offline
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My thoughts are this is a long term hold. Not a quick flip. Everything balances on whether the FCC approves their proposal in June. Price won't move much till then. If approved this will be a first ever that a satellite company can provide broadband services to the general public. Other companies will want to lease that spectrum fom them. (Verizon, AT&T, Amazon, etc)That will be huge in terms of increases revenue. Stock price IMO would go to 10,20,30, who knows how high.
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