Recently I discovered Loral Space & Communications (LORL). They own a large share of the private satellite company Telesat which stands to receive a windfall alongside Intelsat (I). For people new to the topic, Intelsat share price rose almost 10x last year in anticipation of this windfall. Yet after hundreds of hours following this debate I haven’t seen Loral mentioned once, probably because of the complicated ownership structure. Put simply, most investors just don’t realize another way to capture this potential windfall.
1. Background
The four satellite operators