Not the chick, the big satellite company! Here is how Yahoo summarizes the business:
Loral Space & Communications, Inc., together with its subsidiaries, operates as a satellite communications company. It has two segments, Satellite Manufacturing and Satellite Services. The Satellite Manufacturing segment designs and manufactures satellites, space systems, and space system components for commercial and government customers, whose applications include fixed satellite services, DTH broadcasting, broadband data distribution, wireless telephony, digital radio, military communications, weather monitoring, and air traffic management. Its products include direct-to-home broadcast satellites, commercial weather satellites, digital audio radio satellites, and spot-beam satellites. The Satellite Services segment owns and operates a fleet of telecommunications satellites. It provides satellite capacity and networking infrastructure services and platforms for use by television and cable networks to broadcast video programming, as well as by communication service providers, resellers, corporate, and government customers for broadband data transmission, Internet services, and other communications services. This division also offers professional services to other satellite operators, which include spacecraft operational services, satellite construction oversight services, and fleet operating services. In addition, the company provides X-band services to government users, including the U.S. Department of State, the Spanish Ministry of Defense, and Danish armed forces. It offers its products and services primarily in the United States, Asia, Europe, and Mexico. Loral Space & Communications was founded in 1996 and is headquartered in New York City.
Loral is a good example of a bankruptcy reorganized into something powerful. Take a poorly structured business, clean it up in the bankruptcy courts and re float it to the public. With a better balance sheet, Loral is able to compete more effectively. The powerful brek out proves that the business is strong.
Looking at the historical price chart, the trend following buy point I use was just too sweet. By purchasing the all-time high breakout a few months back, a 40 percent gain in 60 days awaited.
The move was so fast, that I would pass on the stock for now and keep an eye at $34-$35 for an entry. If you must own the stock this extended from it’s breakout, position size accordingly as the stock could drop all the way below 430 and still be trending.
Brian has nce again added some great trading analysis for Loral: