Earlier this month when Kerrisdale Capital first released its short thesis on Globalstar, Inc. (NYSEMKT:GSAT), it seemed like the core issues were technical and that anyone willing to do the heavy lifting of digging through those details and seeking out expert opinion could take a position on the now volatile stocks. But activist investor Richard Pearson argues that this technical view misses the bigger picture.
“Many retail investors are now busying themselves by reading up on the ins and outs of TLPS and FCC spectrum auctions and approvals. Instead, they should really be taking a further step back to see if it is purely a stock promotion,” Pearson writes on Seeking Alpha.
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