An Opportunistic Purchase of Globalstar – Insider Weekends
Globalstar Inc. (GSAT): $2.20
Market Cap: $4.17B
Enterprise Value: $4.54B
Key Insights
- Globalstar’s partnership with Apple, including a $1.5 billion investment for new satellites, significantly boosts its revenue prospects and financial stability.
- Executive Chairman James Monroe III, who has a successful track record in timing his Globalstar purchases, recently purchased shares.
- Globalstar’s upcoming NASDAQ uplisting and reverse stock split aim to enhance marketability and attract institutional investors.
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