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Don't Buy the Hype With Globalstar Inc.

TheMotleyFool

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In the last few months, the stock of global satellite telecom company Globalstar (NYSEMKT: GSAT) has been rallying strongly. However, while sales notched a 12% increase in the just-reported second quarter of the year, there was still a $12.5 million loss from operations. Speculation seems to be in the driver's seat here, and investors should be careful.