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| Penny Stock Forum Penny Stocks are low-priced issues, often highly speculative, selling at less than $5 a share. Penny Stocks are traded on pink sheets and the OTCBB |
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12-23-2008, 11:59 AM
| | Administrator (aka CaribbeanCat) | | Join Date: Jun 2007
Posts: 3,866
| |  GSAT - Globalstar, Inc. (NASDAQ Stock)
just got into gsat at .1992. gsat high for the 52 week was $9.50 a share and low was .15. here is a little bit about the company
Globalstar (NasdaqGS:GSAT), offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. For more information, visit Globalstar Canada :: Worldwide Satellite Voice and Data Products and Services for Customers around the Globe.
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12-24-2008, 06:16 AM
| | Administrator (aka CaribbeanCat) | | Join Date: Jun 2007
Posts: 3,866
| | re: GSAT - Globalstar, Inc. (Nasdaq)
alot of insider buying with gsat. this month the ceo has purchased
12/12/08 ceo purchased 10,931,162 shares at .23 total purchase $2,514.170.00
12/16/08 ceo purchased 1,937,735 shares at .22 total purchase $426,302.00.
i like what i am seeing so far with this company. it has the potential to pop and chart after yesturday is real promising
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12-24-2008, 09:59 AM
|  | Super Moderator | | Join Date: Jul 2007 Location: Cincinnati, Ohio
Posts: 6,776
| | re: GSAT - Globalstar, Inc. (Nasdaq)
Easy to see why the stock price is so low: Quote: |
GSAT reported 4th quarter 2007 earnings of $-0.21, missing the consensus estimate of the 2 analysts covering the company by 1,150.00%. This negative surprise is noteworthy because the guidance for the quarter had dropped 0.04% in the year leading up to the announcement, and yet the company was still unable to meet the number.
| Quote: |
GSAT's debt to total capital ratio, at 42.84%, is in-line with the Communications Services industry's norm despite its increase over the last year. The company's Quick ratio has a value of 0.46 which shows that there are not enough liquid assets to satisfy current liabilities in the event that operating earnings are unable to.
| It's a good speculative play at these levels, it may even be a buyout candidate.
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12-24-2008, 10:45 AM
|  | Super Moderator | | Join Date: Jun 2007 Location: Alabama
Posts: 4,367
| | re: GSAT - Globalstar, Inc. (Nasdaq)
I'm in this one with you Cat. I bought after Ru picked it the other day but you got in a little cheaper. I'm in @ .20
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12-24-2008, 12:36 PM
|  | Super Moderator | | Join Date: Oct 2007
Posts: 525
| | re: GSAT - Globalstar, Inc. (Nasdaq)
I also got in this one @ .21..
I hope everyone has a wonderful Christmas.
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12-24-2008, 03:20 PM
| | Administrator (aka CaribbeanCat) | | Join Date: Jun 2007
Posts: 3,866
| | re: GSAT - Globalstar, Inc. (Nasdaq)
after hours 8k filed. Summary of GLOBALSTAR, INC. - Yahoo! Finance up to .23 in after hours. looks like gsat is gonna make us some green. thank you ru!  |
12-26-2008, 09:38 PM
| | Administrator (aka CaribbeanCat) | | Join Date: Jun 2007
Posts: 3,866
| | re: GSAT - Globalstar, Inc. (Nasdaq)
just got home to notice that gsat closed at .25. nice climb. looks like we are gonna make some money. i look forward to seeing what monday brings |
12-31-2008, 12:01 PM
| | Administrator (aka CaribbeanCat) | | Join Date: Jun 2007
Posts: 3,866
| | re: GSAT - Globalstar, Inc. (Nasdaq)
picked up more today at .19. i think it is setting up for a nice run. time will tell
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01-02-2009, 10:02 PM
| | Administrator (aka CaribbeanCat) | | Join Date: Jun 2007
Posts: 3,866
| | re: GSAT - Globalstar, Inc. (Nasdaq)
gsat closed at .25 today after closeing a doji on new years eve and today a nice hammer which is my favorite set up. i expect and hope for a good run monday |
01-02-2009, 10:58 PM
| | Stock Market Newbie | | Join Date: Jul 2007
Posts: 13
| | re: GSAT - Globalstar, Inc. (Nasdaq)
watchin this one..
and ello catfish.. been lookin for ya  | | Thread Tools | | | | Display Modes |  Linear Mode | 
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