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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

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  #1  
Old 01-29-2014, 04:56 PM
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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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  #2  
Old 01-30-2014, 10:05 AM
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At $1.95 now.
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  #3  
Old 01-30-2014, 10:09 AM
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crap!!! i almost picked this up last week!
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  #4  
Old 01-30-2014, 09:24 PM
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It had a good run today. I actually don't want it to run up just yet. Need to accumulate more shares first. But the CEO is in New York speaking at a WiFi conference tomorrow. Lot's of Big Wigs there. It will probably continue a run next week in the wake of his comments about GSAT.
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  #5  
Old 01-31-2014, 10:23 AM
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Bought another 100 shares this morning. Ain't much but, better than letting the money sit there and, do nothing, right?
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  #6  
Old 02-03-2014, 10:16 AM
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It's steadily climbing this morning. Wish I had bought more of it!
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  #7  
Old 02-03-2014, 11:16 AM
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It's still cheap compared to the potential it has. I'm about to sell my boat for extra funds. Lol
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  #8  
Old 02-03-2014, 11:40 AM
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whats it at now?
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  #9  
Old 02-03-2014, 11:51 AM
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$2.17
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  #10  
Old 02-03-2014, 12:01 PM
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nice
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  #11  
Old 02-03-2014, 12:36 PM
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$2.20
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  #12  
Old 02-03-2014, 03:29 PM
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$2.26.

Didn't think it would run this much today. We still have 4th quarter results yet to come out. Which I hear will be good because they got a lot of new subscribers during that time.
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  #13  
Old 02-03-2014, 03:39 PM
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Now 2.32. Rising every time I refresh my screen. Lol
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  #14  
Old 02-18-2014, 03:34 PM
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Their FCC proposal is getting published into the Federal Registry tomorrow or Thursday. Should get another good bump. Then we wait on the 105 day public comment period to finish. If all goes well they can start leasing their wireless spectrum to the big boys. ATT, Verizon, Amazon, google, etc.. Billions in new revenue. I think this is going to be one of "those" stocks to brag about in a few years.

But I don't know much about stocks but I did stay at a holiday inn last night!
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  #15  
Old 02-25-2014, 01:59 PM
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Well, it had a good jump but, it seems to be on the decline pretty heavy today.
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  #16  
Old 02-25-2014, 03:45 PM
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No worries. They just applied this week to get relisted on the NASDAQ and NYSE. that's will create a whole new group of buyers which is what this stock needs.
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  #17  
Old 03-05-2014, 09:54 PM
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GSAT up .11 today. Nice move.
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  #18  
Old 03-05-2014, 09:58 PM
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The 4th quarter conference call is Monday after the markets close. We'll see what happens then.
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  #19  
Old 03-06-2014, 10:36 AM
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Started to buy more this morning and now I wish I would have!
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  #20  
Old 03-06-2014, 11:35 AM
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Quote:
Originally Posted by southern151 View Post
Started to buy more this morning and now I wish I would have!

My philosophy - Don't worry about the pennies missed when there are dollars coming.

I bought more earlier at $2.51. I forgot to check price at the open.
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