Company Overview - Globalstar, Inc. operates a global satellite network providing mobile communications and IoT connectivity across various industries and remote environments, leveraging spectrum assets and strategic partnerships to enhance 5G and advanced connectivity offerings [6] - The company generates revenue through subscription-based communications services, equipment sales, wholesale minutes, and engineering services, serving enterprise and government clients in sectors such as oil and gas, utilities, maritime, transportation, public safety, and recreation [8] Financial Performance - As of February 13, 2026, Globalstar's market capitalization is $7.62 billion, with a revenue of $262.20 million and a net income of -$49.92 million for the trailing twelve months [4] - The company reported record third-quarter revenue of $73.8 million, an increase from $72.3 million a year earlier, with service revenue of $69.6 million, and reaffirmed full-year revenue guidance of $260 million to $285 million [10] Recent Transactions - Ashford Capital Management sold 410,326 shares of Globalstar for an estimated transaction value of $22.66 million, reducing its position to 998,995 shares valued at $60.98 million [2] - Following the sale, Globalstar accounts for 6.79% of Ashford's reportable assets, down from 9.32%, and remains the fund's largest holding [7] Stock Performance - Globalstar's shares were priced at $60.06 as of February 13, 2026, reflecting a 171.8% increase over the past year, significantly outperforming the S&P 500 by 159.97 percentage points [7] - The net position change for Ashford Capital Management reflects an increase of $9.69 million, indicating both a reduction in shares and stock price fluctuations [2] Strategic Insights - The recent sale by Ashford Capital Management is viewed as a disciplined capital allocation strategy following a significant stock price increase, emphasizing risk management rather than a loss of conviction in the company [9] - For long-term investors, the focus should remain on execution and the company's ability to sustain revenue growth, infrastructure expansion, and cash generation despite market volatility [11]