I spent some time looking at the Balance Sheet. Under Assets, it has Property Plant and Equip @ $800mil. I am trying to get my arms around the value of the satellites and spectrum. I would think it would be worth considerably more than $800M. (And since it is lumped in with all other PPE assets, it obviously has a book value less than that).
A company that wanted to start up in SATRAD...how much to do that...to buy, launch satellites...and have the govt licenses to the airwaves....
The point I am getting at is it seems like a low-ball #. I wonder if the BS more accurately reflected the assets, then maybe better financing could be obtained since the risk of BK would be lessened by having more valuable assets.

What am I missing?