Robert Floyd
Stratos Global
SGB-T
TOP PICK
Sep 22, 2003
Extremely cheaply. Alliance is selling their control position. Recommendation is to buy the receipts. You pay for half position now and when Alliance is approval to sell theirs, you pay for the balance. Numbers have been extremely strong.
An interesting play. Missed their numbers and management execution has been horrible. The only reason to pay attention to it right now is as an activist shareholder to get new investors involved in a new management team. Wants to see one more quarter.
Has competition within their space. Provide communication to remote regions for military, etc. Recently made an acquisition. Expects more consolidation in the space. Numbers have been disappointing. Fairly good value at this price.