EchoStar Spectrum Sale Catalyst and Long-Awaited Recovery

26 days ago

Bailey Lipschel

"Diving a bit deeper on Echo Star, ticker S-A-T-S. Stock right now only up about 1%, had jumped more than 5%... This is a company, guys, that has been trying to work its way out and stave off bankruptcy... trading at about 75 bucks a pop was at 50 back in 2017. Stock year to date up more than 225%."

The discussion on EchoStar (S-A-T-S) focused on its turnaround story. The company, which has been struggling with regulatory and bankruptcy issues, is now reportedly in talks to sell part of its wireless spectrum to Verizon, potentially unlocking billions in value. The rally from a 50-dollar share price in 2017 to around 75 now and a year-to-date gain of over 225% is highlighted as a long-awaited recovery catalyst for shareholder and bondholder returns.

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