SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Microcap & Penny StocksGlobalstar Telecommunications Limited GSAT


Previous 10 Next 10 
From: Geoff Goodfellow5/8/2019 3:42:59 PM
   of 29748
 
Globalstar CEO Discusses Q1 2019 Results - Earnings Call Transcript with analyst Q&A and 10-K Annual Report

to listen to the CC and Investor/Analyst Q&A visit:
globalstar.com
or
earningscast.com

a transcript of the CC and the Investor/Analyst Q&A:
seekingalpha.com
or
finance.yahoo.com

the 10-Q Quarterly Report -- with all its exhibits -- can be viewed on or downloaded from the SEC's website at:
sec.gov

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Geoff Goodfellow who wrote (29716)5/8/2019 3:48:34 PM
From: Geoff Goodfellow
   of 29748
 
good stuff in the Letter to Shareholders in the Globalstar 2018 Annual Report PDF (that is not in the 10-K SEC filing) at:

globalstar.com



Share RecommendKeepReplyMark as Last Read


To: Geoff Goodfellow who wrote (29716)5/22/2019 10:54:54 PM
From: pcstel
   of 29748
 
>Globalstar CEO Discusses Q1 2019 Results - Earnings Call Transcript with analyst Q&A and 10-K Annual Report<

So after nearly 10 yeas operational life has passed on most of their second generation satellites that have a 15 year life expectancy.. .
Globalstar still has over $500MM in debt and is only generating about a million a quarter in positive cash flow.

Exactly how do they expect to pay down the debt and finance replacement satellites in 3 or 4 years?


I mean.. Look at the metrics..


Duplex subscribers DOWN
SPOT subscribers DOWN
The only bright spot is simplex which is very low revenue adds.


PCSTEL

Share RecommendKeepReplyMark as Last Read


From: Geoff Goodfellow8/9/2019 10:02:04 AM
   of 29748
 
Globalstar Announces Second Quarter 2019 Results

globalstar.com




Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Geoff Goodfellow who wrote (29719)8/9/2019 11:41:55 AM
From: Jeff Vayda
   of 29748
 
Reads like a train wreck to me. But the stock is UP so it is better than expected? (Cant even think 'smart' money managers would bid up the share price to the 0.69 refinancing offer, Thermo has it all locked in, no 'commoner' will benefit here.) What a long drawn out story.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Geoff Goodfellow who wrote (29719)8/9/2019 1:28:32 PM
From: pcstel
   of 29748
 
SPOT Subscribers DOWN
SPOT ARPU DOWN
Duplex Subscribers DOWN
Service Revenue DOWN nearly 10% Y/Y
Equipment Revenue DOWN Y/Y.

Iridium/Garmin Eating GSATs Lunch in the consumer segment. New Iridium GO coming soon. Smaller/Faster the the defective Satfi2.

Share RecommendKeepReplyMark as Last Read


To: Jeff Vayda who wrote (29720)8/9/2019 1:34:44 PM
From: pcstel
   of 29748
 
Yup! It's basically a pre-pack restructuring! Thermo will own all the debt, own 95% of the common.

Time to take it private. Not near as messy as a formal BK.

PCSTEL

Share RecommendKeepReplyMark as Last Read


From: Geoff Goodfellow9/5/2019 4:13:14 PM
   of 29748
 
Globalstar Announces Decision to Proceed With the French BPIFAE Facility Amendment and New Second Lien Facility

investors.globalstar.com

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Geoff Goodfellow who wrote (29723)9/5/2019 8:25:24 PM
From: pcstel
   of 29748
 
"reduce future amortization requirements and secure a strategic partner to provide approximately one half of the second lien facility. This partner brings significant experience to the relationship as well as collaboration opportunities with respect to various satellite and spectrum initiatives."

"Collaboration opportunities" with respect to various satellite and spectrum initiatives.

Sounds like Iridium to me.

Iridium needs additional L Band below 1618Mhz
Globalstar needs a new constellation and 3G ground network.
Globalstar needs reliable duplex operations and new phones.
Globalstar was a large Iridium customer during 2007-2012 when Globalstar could not provide reliable duplex operations with their own phones.

Such a collaboration takes a whole load of future uncertainty off the table for Globalstar.
New Constellation
New User Terminals
New Ground Network

Iridium could care a less what Globalstar does in the S Band with Spectrum Monetization.
Globalstar basically raises the white flag on building and running a duplex MSS business and simply becomes a Distributor for Iridium under the Globalstar name.

Share RecommendKeepReplyMark as Last Read


To: Geoff Goodfellow who wrote (29723)9/6/2019 2:10:33 PM
From: pcstel
   of 29748
 
Nothing like the Stock Martket to remind some that....

"Sometimes..... We are not as smart..... As we think we are!"

And so it goes,
PCSTEL

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10