Globalstar (GSAT): $21.28
Market Cap: $2.69B
Enterprise Value: $2.84B
At the start of this year, we wrote an Insider Weekends article about the satellite telecommunications company Globalstar (GSAT) after a series of purchases by Executive Chairman James Monroe III. The company had a market cap of around $4 billion, but it would always slip past our filters for the insiders section of our Daily Event Driven Monitor due to the stock always trading under $2 per share. However, when we took a closer look at the company we were absolutely fascinated by what we found – so we were quite interested when we saw Mr. Monroe purchase shares again last week.
For a quick overview of Globalstar’s business, this is what we stated in our January article: