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Sunday, March 7, 2010

Best Penny Stock for March ( ICOG, CLWR ) ICO Global Communications & Clearwire...

ICO Global Communications (Holdings) Ltd
(Public, NASDAQ:ICOG) 1.18 a share / Target price 2.05
ICO Global Communications (Holdings) Limited (ICO) is mobile satellite service (MSS) operator. The Company is authorized to offer MSS services throughout the United States using a geosynchronous earth orbit (GEO) satellite. The Company is also authorized to integrate an ancillary terrestrial component (ATC) into its MSS system in order to provide integrated satellite and terrestrial services. As of December 31, 2008, the Company was focusing on developing its United States MSS system. The Company has also coordinated the spectrum to enable the operation of a medium earth orbit (MEO) satellite system globally in compliance with regulations promulgated by the United Kingdom and by the International Telecommunication Union (ITU), an organization within the United Nations system. On April 14, 2008, the Company launched its GEO satellite (ICO G1).is the 1st most efficient company in this segment of the market. Its earnings per employee was $3,062,917 for the last 12 months. Its revenue per employee was $0 for the same period.I like communications stocks. Aquiring money in a down time can boost this company way up. They have potential. which was warned in September it faced losing its Nasdaq listing if its stock price didn’t improve, says it has regained compliance.

The Reston-based satellite communications company was notified Dec. 30 after its stock traded above $1 per share for 10 consecutive days. It had until March 15 to comply with the pricing requirement.

ICO Global stock, which traded as high as $6 per share in 2006, fell as low as 32 cents per share in February 2009.

The company’s chief finance officer and acting chief executive Michael Corkery resigned last month, replaced by Benjamin Wolff, co-founder and former chief executive of Clearwire Corp. Wolff is serving as acting chief executive while the company searches for a permanent CEO.

Wolff was also named chairman, replacing ICO Global’s (NASDAQ: ICOG) former chair Craig McCaw, who remains on the company’s board of directors. McCaw is co-chair of Clearwire (NASDAQ: CLWR.)The reservation block just opened for 4G service. That means their spectrum is now worth 2-3 billion. That is why they have the new CEO - to manage the takeover.. This is a risky long term play !
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