One Reason Globalstar (GSAT) Stock Is Slipping Today

NEW YORK (TheStreet) -- Shares of Globalstar continue to slip, down 5.39% to $2.81 in midday trading Monday, following a loss of more than 16% in extended trading Friday after TheStreet's Jim Cramer said to stay away from the stock on CNBC's 'Mad Money.' Cramer said, "Globalstar has become a total battleground. I'm not the guy to settle battles about wireless technology, but I am concerned about GSAT's balance sheet." He also pointed out that the world's fourth-largest satellite communicatio...