NasdaqGS:GSATTelecom
Globalstar (GSAT) Stock Rich Valuation Collides With Deepening Losses
Globalstar barely moved in regular trading, with the stock edging up just 0.2% despite another loss on the bottom line. That muted reaction hides the real tension in this quarter. The story is not about small price swings or near term revenue noise. The story is the growing strain between a rich valuation and ongoing losses.
Globalstar generated US$64.8m in Q2 revenue yet still reported a net loss of US$26.5m and a loss per share of US$0.21. With the stock trading on a P/S multiple that far...