The Company is a provider of Internet Protocol, or IP, based digital satellite communication and networking products and services, also designs, produces and markets VSAT, or very small aperture terminals, and related VSAT network equipment.
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I bought Gilat 1.5 years ago for $6.20/share. After turning profitable in early 2006, the stock appears to have stabilized around $9/share. Its primary debt investor just converted its debt to stock in the company, a strong vote of confidence in future profitability and stock price growth. I have heard this stock bashed more often on chat boards than I can even recall, but a little patience goes a long way. The Israelis have a world focus, are very bright and adaptable to changing market realities. Sales of enterprise systems and telephony VSATs for developing economies all over the world will keep growing and growing.