Francesco Ferrari shared a bullish thesis on Globalstar, Inc. (GSAT), highlighting its strong revenue growth rate of 24%, healthy gross margin of 66.7%, and impressive free cash flow margin of 51.4%. The company’s strategic partnership with Apple for emergency messaging capabilities underscores its relevance in consumer safety and critical communications.

Globalstar’s stock has delivered a remarkable 58.5% compound annual growth rate over the past five years, driven by strategic partnerships, improving fundamentals, and growing investor confidence in satellite-enabled communication services. Despite heavy upfront infrastructure costs, the company’s low beta of 0.98 and sustained investor enthusiasm signal confidence in its long-term potential.

Although Iridium Communications Inc. (IRDM) experienced a 44.53% stock price depreciation since a bullish thesis in October 2024, due to sector rotation, the thesis still stands strong as satellite demand continues to grow structurally. Francesco Ferrari also emphasizes Globalstar’s Apple partnership as a key driver of its future success.

Read more at Yahoo Finance: Globalstar, Inc. (GSAT): A Bull Case Theory