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EchoStar Corporation (SATS): A Bull Case Theory

We came across a bullish thesis on EchoStar Corporation on Century Egg Credit’s Substack by Century Egg. In this article, we will summarize the bulls’ thesis on SATS. EchoStar Corporation's share was trading at $61.79 as of August 29th. SATS’s forward P/E was 69.93 according to Yahoo Finance.

[caption id="attachment_516190" align="aligncenter" width="750"] Copyright: lexaarts / 123RF Stock Photo[/caption]

EchoStar (SATS) has taken a pivotal step by announcing the sale of its 600 MHz and 3.45 GHz spectrum blocks for $23 billion, unlocking a substantial portion of value...