NOK - Globalstar: Charting Out An Investment Case

• Compared to peers, Globalstar is struggling to return to pre-COVID sales levels.
• As a result, shares dipped, but have recovered as from mid-June after a customer made a large advance payment and some favorable expectations about monetization of assets.
• A dissection of the sales figures reveals a mixed picture, with the IoT segment looking strong, but others are still recovering, amid some managerial actions to bring improvements,all in a competitive environment.
• As per the balance sheet, finances look adequate, in view of the incoming cash and efforts to lower operating expenses.
• Balancing out, the satellite services play still makes for a calculated investment, but wait for a dip.

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