October 8th, 2009

zap

GSAT

i've followed this company for over 10 years. i made
a bundle shorting its previous incarnation (GSTRF).
its current (re)incarnation still has some overhang from
its previous incarnation, but is poised for a significant
turnaround/upside comeback over the next 12 to 24 months
with new management, investors and a fully funded biz plan
in place. GSAT is my top diamond in the rough/downtrodden
company/turn-around come back sit tight and be patient holding/play.

disclosure: i'm currently long GSAT.

http://devilcapital.com/investments/GSAT.html