"Q" Watch - Stocks About to Exit Bankruptcy

[CircusMaximus]

LRLSQ

Filed voluntary chapter 11 in order to facilitate sale of their north american communications satellites. This sale looks like it will be completed sometime this summer (early July). Sale will net around $1.1B, and will significantly reduce debt. I believe loral lost a lot of money due to their investment in Globalstar. They do however maintain satellite communications, as well as satellite manufacturing businesses. The satcom industry has been in a slump recently, and is now beginning to emerge from that.

I've been holding LRLSQ from 0.32.

The mkt cap right now is only ~30M. Each satellite they manufacture nets around $200M, and other companies in satcom seem to have mkt caps in the billion range. I'm expecting the PPS to grow considerably.

Would appreciate any thoughts about this one.