Business Description

Globalstar, Inc. provides mobile voice and data communications services through satellite in the United
States and Canada. It provides duplex services comprising mobile voice and data satellite communications,
satellite data modem, and fixed voice and data satellite communications services; and simplex services,
including personal, asset tracking, and remote monitoring. The company also offers various engineering
services, such as installation of gateways and antennas. In addition, it provides duplex products, including
voice and data equipment and data-only duplex equipment Qualcomm GSP-1720 satellite voice and data
modems; and simplex products consisting of SPOT satellite GPS messenger and asset tracking solutions....
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PSD Comments

Buy:  $1.80     Sell:  $4.15     Stop Loss:  $1.25

Time Horizon:     Several weeks to several months

Globalstar, Inc. has had a pretty rough last few years, but looks to be clearly on it's way back up.  Once a multi-billion dollar company, the satellite voice and data
service provider has seen an extremely challenging environment, and has lost significant ground.  After the current recession began, consumer spending and
credit significantly slowed affecting sales of their products and services.  This occurred just as costumer end pricing for the technology started a steep decline.  To
make matter worse, the company's satellite constellation is aging, and the degradation in quality and coverage over the years has become so bad in two way
communications that it is affecting the business in a major way.  The company has been stuck trying to mitigate the effects of reduced service availability on their
pricing plans and customers.

More recently, however, the stock has seen a rally lasting eight months and counting.  This is due to a perfect storm of good news, as well as the way this company
is structured.  First of all, the company has a whole new constellation of second generation satellites scheduled for launch later this year.  This will restore their
quality and coverage, and give them a leg up on the competition.  Meanwhile, the FCC has outlined a National Broadband Plan that looks very favorable for
Globalstar.  The win fall stems from specific reform for the main technologies that this company is involved with.  Although complicated, this company holds a lot of
so called spectrum assets, which, if the bill is passed close to where it is now, will significantly raise the value of these assets.  It will also open the doors to major
agreements with major companies.  Recently the company has received at least one big order for their SPOT GPS hand held communication solution, which has
seemed to be gaining some traction in the market.

Should this company continue to gain ground back, the more affordable prices and solutions in the market that contributed to their demise may help fuel
substantial growth going forward.  The companies sales have stabilized and their gross profit has been creeping up over the last two quarters.  The companies
balance sheet has remained strong, and has recently seen assets of 1.2 billion with liabilities at half as much.  300 million shares outstanding is fairly low, and is
not nearly enough to hamper growth in the stock going forward.  This stock may well be on it's way back to multi-billion dollar status in the near term and with a
current market cap of 560 million, that would put the stock significantly higher than where it is today.  Keep an eye on insider activity, as 83% is owned by insiders.