Kerrisdale Short Thesis On Globalstar Questionable by Jan Martínek What happened? On Wednesday 1/10 a rumor was circulated that Kerrisdale, a prominent short fund, would host a presentation on its Globalstar, Inc. (NYSEMKT:GSAT) short position on Monday 6/10. Based on the rumor, Globalstar shares went down by 20%. Kerrisdale delivered a good show, which pushed the share price down by an additional 20%. GSAT management than had their presentation on October 9th. The presentation came in the midst of the recent global equity sell off and failed to lift the price. Introduction to Globalstar Globalstar, Inc. (NYSEMKT:GSAT) is the fourth largest…
Kerrisdale Short Thesis On Globalstar: The Opposing View
Guest Post
If you are interested in contributing to ValueWalk on a regular or one time basis read this post http://www.valuewalk.com/guest-posts-hedge-fund-letters/ We do not accept any outside posts or even ads on penny stocks, ICOs, cryptos, forex, binary options and related products.