A Hedge Fund Put Out A Massive Presentation About Why A Wireless Company Is Going To $0 (GSAT)

Hedge fund Kerrisdale Capital says shares of data communications company Globalstar are worth $0. In a lengthy research report, accompanied by a long slideshow presentation, Kerrisdale argues that Globalstar's $4 billion valuation overstates the company's value by, well, $4 billion.  In its report, Kerrisdale writes that Globalstar is, "the fourth-largest player in the slow-growing mobile satellite services market, GSAT uses its constellation of low- Earth-orbit satellites to offer basic mobile...