- 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.
For further details see:
Globalstar: Charting Out An Investment Case