Globalstar Inc (GSAT)

[Pennystomper]

The depreciation is amortized over the life off the satellites. The npv of these products was positive to the degree that there given a $5.00 price target in just one years time. Now over the in tire life of the satellites there is a lot of money to be made. But, in order for a $5.00 price target to be hit debt payments need to be met on time. If they lapse again might as well chalk them up as bankrupt. If they make these payments on time, and we see positive increased cash flows over the next six months we could see this break that $5.00 price target. I'm waiting till I see the tides tilt one way or the other, right now it's hold at .60 to .55