I just want to extend my heart felt thanks to Lux, Warrior, John and many others who know clearly that you can't build a great company without shareholder commitment.
We've built it. The SAT's are up and we're ready to build more with the world's best technology. We've got a surge of new FSS orders and our finances have been restructured, with a couple more major pieces to be put in play. I'm confident that G* and SIRI will contribute to LOR's coffers in the near future as will a host of new SAT-based applications.
LOR's penetration in its market is second to none. When the market turns, and it will, we will be there to satisfy the demand, while others have the bulk of their capacity locked in to lower paying contracts.
Keep the faith, longs, and you will be handsomely rewarded.
Lux n Jeff, This is about as close to financial armageddon as I want to get -- the cc was depressing, more so than I thought it would be. It all spurs a theory: Is Bernie talking down the equity for some other purpose? To help a quiet tender or buyback of the stock? Bernie could have put such a more positive spin on the Q1 news, and he chose to sound grim instead. I share everyone's enthusiasm for sat's future (after all, it can't get worse), but loral remains on the precipice, and it looks really dismal right now, worse than even a week ago. The heavy volume is encouraging, and it's one of the reasons I think Bernie is talking down the stock deliberately. Still need one or two pieces of positive business news. This option hasn't expired yet. hound
I found the cc refressing. No hype, no spins and no downtalking. I felt that Bernie was just being straight, as he normally is. I couldn't see a hidden agenda.
Yet I agree with you that something is happening. With all the negative spin that had been given in the press etc I would have imagined that the stock would continue to trend down. But it seems very strong to me. I suspect that the funds might be re-establishing positions, perhaps relying on the reverse split before quarter end to make keep the stock price from being embarassing.
Please explain why it looks worse to you than a week ago. The backlog numbers, the reducing sequentials etc all sounded good to me. What am I missing?
The other week I deliberately set some time aside to think about the industries that I knew with relative certainty would do well in the immediate future. I mean certainty and materiality, not just the beer companies growing some more.
Hydrogen cells is a sure thing but that is way off. The only other one I came up with, and I tried to resist it, is the sat industry.
No matter how you cut it, sats have to grow materially. It was the commercial case before the Iraq war, and there is now even more emphasis created by the military (whole armies have to be changed, as witness the new army being proposed in Europe).
If I am anywhere near the mark, sooner or later LOR has to fly.
Lux, I agree for the most part, except that we won't be aboard, this company is destined for BK, delisting and we will still be out....too much spec, too early, too expensive, etc., but, as you imply, sats are in the future, without current shareholders.