EchoStar Corp. SATS
We continue to see strong upside in satellite internet provider EchoStar Corp. (SATS) and increase our Model Portfolio holding accordingly. The company has seen increased network demand in this challenging time as more people are staying home due to either lockdown or working from home as a health precaution, and SATS is strategically poised to benefit from this ongoing environment.
05 August 2020
We see strong upside in satellite internet provider EchoStar Corp. (SATS) as the company sees its network demand increased in this challenging time. As more people are staying home due to either lockdown or working from home as a health precaution, the need for reliable data connection is made apparent and SATS' services are seen as critical to sustain the current working environment.
15 May 2020
The ongoing situation with COVID-19 (coronavirus) has impacted the markets and caused a broad sell-off, including on many of our Model Portfolio names. We have reevaluated each stock in the MP with regard to how the outbreak impacts our expectations and target prices, and provide those updates inside.
16 March 2020
With the separation of the BSS unit in an RMT transaction with DISH, SATS has become a Broadband Internet Service Provider company. Another consensus-beating earnings demonstrates the company's strength in breaching into global markets. The growth potential from adding international subscribers and the pending launch of its Jupiter 3 satellite provides upside opportunity for both new and existing investors.
09 March 2020
In its first earnings release since the completion of its Reverse Morris Trust with DISH Network Corp. (DISH), EchoStar Corp. (SATS) has demonstrated the benefits of separating the BSS business and focusing on its more lean Hughes operations. Additional joint ventures in Brazil and Israel have been bolstered with the fresh acquisition of Helios Wire Corp., a satellite-enabled IoT connectivity company with huge potential for SATS.
13 November 2019
We continue with EchoStar (SATS) and Ensign’s (ENSG) Spinoff, Pennant Group (PNTG, to be listed), as ideas for this week with an update of our analysis on Nuance Communications (NUAN) and Prudential Plc (PRU LN) out shortly ahead of their Spins. Also, Danaher’s Dental IPO, Envista Holdings (NVST), has started strong +8% since its listing last week (Spin by Q1 2020). However, in our Spinoff Screener, NMRK and ARLO also had a strong first week post-IPO before showing heavy losses.
23 September 2019
Recapping last week’s Spins, EchoStar (SATS) jumped +6% since its Spin after removing its declining asset while Naspers (NPN SJ) created history by listing the second largest consumer internet company in Europe, Prosus (PRX NA), and its stock price leapt +26% on its first day of trading. With SATS a Model Portfolio holding and PRX exited to book profits, we turn our attention to Ensign Group (ENSG) and Nuance Communications (NUAN) as they both look break-up at the end of the month.
16 September 2019
Having experienced a subpar performance last year, yesterday’s (Sep 11th) Reverse Morris Trust (RMT) marked the catalyst needed for EchoStar Corp. (SATS), which allowed the company to Spinoff its declining BSS segment and merging it with DISH Network (DISH) and helping to create a leaner balance sheet (leverage at 0.1x) for SATS and allowing the management to focus on its core profitable segment (Hughes) with healthy top-line growth. Click here for more.
12 September 2019
As mentioned last week, both EchoStar Corp (SATS) and $100bn giant Naspers Ltd. (NPN SJ) will be breaking up this week starting from tomorrow (Sep 10) in order to create value for shareholders. With a significant discount in the when-issued trading for SATS and NPN creating the largest EU listed consumer internet company on the Euronext Amsterdam (primary listing), we encourage our client partners to send any questions over ahead of the split. Click here for more.
09 September 2019
Next week, global satellite provider EchoStar Corp (SATS) and $100bn giant Naspers Ltd. (NPN SJ) will both be breaking up in order to create value for shareholders. SATS will be removing its performance hampering segment while NPN will be creating the largest EU listed consumer internet company and its second Spinoff for 2019. For analysis and more on these situations, click here.
03 September 2019