EchoStar Corp Class A
SATS: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$14.00 | Brltc | Tbgs |
EchoStar Earnings: Still No New Financing
EchoStar’s second-quarter results provided little new information besides confirming that it has yet to secure additional capital as a $2 billion Nov. 15 debt maturity draws nearer. Our $20 fair value estimate, which assumes EchoStar remains a going concern, is unchanged, and we reiterate our Extreme Uncertainty Rating, which reflects the high probability that the firm cannot secure capital.