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

[Teehar]

The reason that Red Lobster went bankrupt was because of their Endless Shrimp promotions. As long as Charlie doesn't suddenly give out free shrimp or lobster to all subscribers, Dish will do fine.

Dish stock is up almost 50 percent in the last six months!

well after being with Charlie for all these years,one thing I can safely say,he isn't going to give much of anything away,let alone shrimp lol

 

[dishdude]

well after being with Charlie for all these years,one thing I can safely say,he isn't going to give much of anything away,let alone shrimp lol

He did sell the Littleton campus to a holding company he controls and is leasing it back to Dish. 🤔

 

[Yespage]

well after being with Charlie for all these years,one thing I can safely say,he isn't going to give much of anything away,let alone shrimp lol

But with Red Lobster in bankruptcy, the option is there for Dish to absorb them like they did with Blockbuster. Fried shrimp and Dish supplied media just go hand in hand.

And anyone that suggests Dish doesn't have the liquidity to absorb Red Lobster or that it is a different type of bankruptcy, I will drop an anvil on them.

 

[Teehar]

But with Red Lobster in bankruptcy, the option is there for Dish to absorb them like they did with Blockbuster. Fried shrimp and Dish supplied media just go hand in hand.

And anyone that suggests Dish doesn't have the liquidity to absorb Red Lobster or that it is a different type of bankruptcy, I will drop an anvil on them.

That's hilarious lol

 

[telstar_1]

DiSH could become the next meme stock.

 

[Yespage]

DiSH could become the next meme stock.

Dish 'n Fish. Honestly, Ergan made a mistake with 5G. He should have sought 5 fathoms below the sea.

 

[TheKrell]

That's not why, venture capitalists came in and sold all their assets off to a holding company they controlled and leased it back to Red Lobster. If they go bankrupt they don't care, they still hold all the assets.

GD vulture capitalists! There ought to be a law...

 

[Yespage]

GD vulture capitalists! There ought to be a law...

Them too?! Yeah, there should be laws against leveraged purchases of companies. They used Red Lobster assets to help them pay for Red Lobster, which then made the cost of business notably higher for Red Lobster stores.

It is bad enough that private equity is buying up America. But at least some of them are using cash. The highly leveraged purchases and abuse of Dunkin Donuts, Toys R Us, Red Lobster, etc... it is like the movie Wall Street all over again.

 

[Bruce]

A little news-

Creditors to EchoStar’s Hughes Hire Lawyers to Probe Lease Deal

(Bloomberg) -- Some creditors to Hughes Satellite Systems Corp. engaged law firm Glenn Agre Bergman & Fuentes to scrutinize a costly lease arrangement that they say funnels cash away from the unit to its parent EchoStar, according to people familiar with the situation. Most Read from...

finance.yahoo.com

The one thing I noticed-

Hughes’ board of directors also made two dividend payments totaling more than $1 billion to parent EchoStar in the first-quarter, regulatory filings show.

But even after that, plus all the revenue it took in during that quarter, still only had 766 Million left in cash at the end of the first quarter.

EchoStar Cash on Hand 2010-2024 | SATS

EchoStar cash on hand from 2010 to 2024. Cash on hand can be defined as cash deposits at financial institutions that can immediately be withdrawn at any time, and investments maturing in one year or less that are highly liquid and therefore regarded as cash equivalents and reported with or near...

www.macrotrends.net

Then this-

EchoStar (NASDAQ:SATS) Use Of Debt Could Be Considered Risky

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

simplywall.st

at the end of March 2024, EchoStar had US$21.7b of debt, up from US$1.50b a year ago. Click the image for more detail. On the flip side, it has US$766.4m in cash leading to net debt of about US$20.9b.

According to the last reported balance sheet, EchoStar had liabilities of US$7.00b due within 12 months, and liabilities of US$28.7b due beyond 12 months. Offsetting these obligations, it had cash of US$766.4m as well as receivables valued at US$1.02b due within 12 months. So it has liabilities totalling US$33.9b more than its cash and near-term receivables, combined.

 

[MikeD-C05]

Reorganization Bankruptcy is the next step.