Thread: GSAT
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Old 01-29-2014, 04:56 PM
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redaddiction redaddiction is offline
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Default GSAT

This is a Louisiana company called Globalstar. Look it up and read the past few months press releases and what they are about Then read the release that came out today after market close. Mostly look up the FCC proposal they have waiting for approval. They are offering the government 20,000 access points with this approval. There is a big push to get all schools connected to the internet regardless of their access to the web. (rural areas) They spent a billion (with a "B") dollars to replace their satellite constellation in orbit while their competitors satellites are in need of replacement. Huge advantage.

Do you own due diligence, but I think this stock will be huge. I bought a few months ago at $1.00 and been adding as i can. Closed at $1.88 today.

Also if you're not into buying the stock, check out their SPOT products on their website. Great stuff for outdoorsman and even products to track your boat, 4wheeler, vehicles, etc if it gets stolen.
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