GSAT - One Small Step From Apple Could Mean A Giant Leap For GlobalStar

• At first sight, Globalstar is just one more satellite communications play.
• Looking deeper, it's Band n53, which offers secure and reliable connectivity in any environment is now included into Qualcomm's latest 5G modems for smartphones.
• Being selected by Apple could mean a lot for Globalstar, in its strategy to boost and diversify revenues, as well as change current loss-making status.
• Even without Apple, the company merits interest, but only as a long term beneficiary of IoT amid fierce competition and ability to reduce debt.
• Valuations are sky high in light of all the news hitting the market and, it is better to wait for some concrete news at Apple's event next week before investing.

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