EchoStar/Dish raises doubts about 'ability to continue as a going concern'

[HipKat]

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.investopedia.com/terms/1/10-k.asp&ved=2ahUKEwja3djJjeaEAxXC_skDHQ5SAHoQFnoECDYQAQ&usg=AOvVaw2SB16FgtMJiikLdKLUsMZc

Ahh!

 

[Bruce]

Ahh!

Wait till you have trouble falling asleep, then try and and read it, no need of any sleep drugs with that .

So glad every job ( mostly freelance)I have had with media companies was with statistics/analytics, never with the investment side, yes I had to read them for my reports and investment decisions, but they bore me so much.

 

[Bruce]

What I do know is that they have the cash on hand for the first payment and that one of the things that put Hamid Akhavan in the CEO chair is his connection to Wall Street and ability to make financial connections

The one thing not reported and I assumed asked by prospective investors/banks/whoever, what is Dish’s plan to turn things around, how do they retain/ get new subscribers to all three of it’s services (TV, internet, phone) that are losing subscribers at increasing numbers.

For example, Dish lost almost a million Sat TV subs in 2023, a big jump from 2022 where it was about 700,000 who left, how can this stop?

And the last question they should be asked, how do you plan on making money with the spectrum.

Since we are finding out they did the build out on the cheap, just to cover the FCC requirements, how much will it cost to make it fully functional.

Dish needs to have these answers ready.

 

[HipKat]

The one thing not reported and I assumed asked by prospective investors/banks/whoever, what is Dish’s plan to turn things around, how do they retain/ get new subscribers to all three of it’s services (TV, internet, phone) that are losing subscribers at increasing numbers.

For example, Dish lost almost a million Sat TV subs in 2023, a big jump from 2022 where it was about 700,000 who left, how can this stop?

And the last question they should be asked, how do you plan on making money with the spectrum.

Since we are finding out they did the build out on the cheap, just to cover the FCC requirements, how much will it cost to make it fully functional.

Dish needs to have these answers ready.

I'd be curious to hear those answers, also

 

[MitchDeerfield]

As long as EchoStar stock is above $5 a share, it ain't going bankrupt anytime soon. Right now it sells for about $14 a share. Relax folks.

This Wall Street expert says it's worth $38!

Echostar Buy Rating Affirmed on Revenue Performance and Strategic Financial Positioning - TipRanks.com

In a report released yesterday, Gregory Williams from TD Cowen maintained a Buy rating on Echostar (SATS – Research Report), with a price target of...

www.tipranks.com

 

[Bruce]

As long as EchoStar stock is above $5 a share, it ain't going bankrupt anytime soon. Right now it sells for about $14 a share. Relax folks.

This Wall Street expert says it's worth $38!

Echostar Buy Rating Affirmed on Revenue Performance and Strategic Financial Positioning - TipRanks.com

In a report released yesterday, Gregory Williams from TD Cowen maintained a Buy rating on Echostar (SATS – Research Report), with a price target of...

www.tipranks.com

Yep, let us listen to this guy who wrote that-

Analyst Gregory Williams works at TD COWEN with a stock forecast success ratio of 7.47%

GREGORY WILLIAMS - AnaChart

You are unauthorized to view this page. Username Password Remember Me Forgot Password

anachart.com

Here are the top guys-

https://money.usnews.com/investing/stock-market-news/slideshows/stock-picks-from-top-rated-wall-street-analysts

 

[Juan]

Dish is still turning a profit...they are not losing money...just not making as much profit as before

 

[Bruce]

Dish is still turning a profit...they are not losing money...just not making as much profit as before

Dish TV is still making a profit, correct, unfortunately that profit has to go to the debt, which then results in a loss for the whole company.

Now the profit from Dish TV is no longer enough to support the company as a whole, no one could predict, including myself, how fast cord cutting would happen.

By the end of the year, there will be more households without paid Live TV then with, I thought we were about two-three years away from that, Dish must of also.

 

[tjboston5676]

Dish TV is still making a profit, correct, unfortunately that profit has to go to the debt, which then results in a loss for the whole company.

Now the profit from Dish TV is no longer enough to support the company as a whole, no one could predict, including myself, how fast cord cutting would happen.

By the end of the year, there will be more households without paid Live TV then with, I thought we were about two-three years away from that, Dish must of also.

A profit means any money leftover after paying all expenses. If there's a profit at all then the company is supported. Even at 0 profit, that would be considered break even. Once you get close to there then you're in some trouble.

 

[Juan]

Dish TV is still making a profit, correct, unfortunately that profit has to go to the debt, which then results in a loss for the whole company.

Now the profit from Dish TV is no longer enough to support the company as a whole, no one could predict, including myself, how fast cord cutting would happen.

By the end of the year, there will be more households without paid Live TV then with, I thought we were about two-three years away from that, Dish must of also.

Umm do you have any links from experts saying this?

 

[telstar_1]

So is the deal they can't directly sell spectrum but they could sell a functioning user of the spectrum along with it?

 

[Juan]

So is the deal they can't directly sell spectrum but they could sell a functioning user of the spectrum along with it?

Nobody wants to buy the spectrum

 

[llokey]

Nobody wants to buy the spectrum

Umm do you have any links from experts saying this?

 

[Juan]

Umm do you have any links from experts saying this?

Yes..they haven't filed for bankruptcy yet...you only do that when you can't pay your bills

 

[nelson61]

Yes..they haven't filed for bankruptcy yet...you only do that when you can't pay your bills

Actually, the smart managers file for bankruptcy while they still can pay their bills but can see the storm clouds coming.
Then, whomever is holding the debt takes the hit when they file.

 

[Juan]

Actually, the smart managers file for bankruptcy while they still can pay their bills but can see the storm clouds coming.
Then, whomever is holding the debt takes the hit when they file.

True...usually they get a baseline offer to sell before their assets go up for auction in bankruptcy too...so they don't give the store away

 

[Bruce]

True...usually they get a baseline offer to sell before their assets go up for auction in bankruptcy too...so they don't give the store away

Just because there might be a bankruptcy, does not mean the assets will go up for auction.

For example, the Spectrum, FCC has rules in place Dish cannot start selling some until 2025, some in 2026, some in 2027.

This will be something that has to be figured out between the Court and the FCC.

That of course if it is a Chapter 7, in a Chapter 11, things are very different.

 

[dishdude]

Defranco loading up on SATS.

EchoStar Co. (NASDAQ:SATS) Director Buys $919,800.00 in Stock

EchoStar Co. (NASDAQ:SATS – Get Free Report) Director James Defranco acquired 70,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $13.14 per share, with a total value of $919,800.00. Following the completion of the...

www.defenseworld.net

Gotham Asset Management LLC Has $572,000 Stock Position in EchoStar Co. (NASDAQ:SATS)

Gotham Asset Management LLC lifted its holdings in shares of EchoStar Co. (NASDAQ:SATS – Free Report) by 35.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,131 shares of the communications equipment provider’s stock after buying an additional 8,963 shares during the...

www.defenseworld.net

 

[navychop]

I can’t help but wonder if they know something we don’t.

 

[rvvaquero]

I can’t help but wonder if they know something we don’t.

Not a chance. The people who know everything are sitting at home in their underwear posting on SatGuys, not out making billion dollar deals.