Globalstar: Upside Still Not Fully Priced In
- Globalstar's share price jumped after the announcement of a significant expansion of its partnership with Apple.
- Apple is providing Globalstar with capital, and the relationship should provide additional high-margin revenue in time.
- XCOM and Globalstar's terrestrial spectrum should also provide a substantial growth boost in the coming years.
- While Globalstar's valuation may appear high, once the company's constellation is fully deployed, free cash flow margins will be very high.
- As a result, there is probably still potential for substantial upside.
Just_Super
Globalstar's (NYSE:GSAT) share price has bounced significantly higher in recent days after the company announced a significant expansion of its relationship with Apple (AAPL). While this is a positive, I continue to think that Globalstar's future will
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
