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>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.
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.