GlobalStar or known in the stock market as "GSAT" has been on a flight with their new partnership from the mothership Apple. Apple has announced they will be supporting "GSAT" with over 15 billion American Dollars. This company is currently up 60% this week. Most penny stocks, go up from swing trades. This is a different case. A little company that is growing. Currently Green again today, but what seperates this Company from all the other's. It is being backed up by Apple. Apple has been around for centuries. Even Adam and Eve had a Apple 😉. Our fair value for GSAT for the year, is $3 for a fair value. Think of it this way, you can buy a scratch off for $2 and maybe win. Or you can go with our research with $2 and know what the likely event will be. That is more money in your Pockets
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The user DailyInvestors has a position in NasdaqGS:GSAT. Simply Wall St has no position in any of the companies mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.
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