Morningstar Rating

Stock Research and Analysis

by Michael Hodel, CFA

Bulls Say

Thanks to Dish's low-cost platform and focus on efficiency, no other cable or satellite company can match its prices. The firm has wisely stuck to its price-leadership strategy.
Rather than plow ahead in the mature traditional television business, Dish has begun investing for its long-term future. The firm's wireless spectrum should give it a platform to deliver wireless data services to a market hungry for additional capacity.
Dish has been willing to experiment with new technologies, a key attribute given the change the TV industry is experiencing. Read more 

Bears Say

Dish is at severe disadvantage to cable competitors that can offer Internet access and phone service. Several phone companies have also been upgrading networks to add television capabilities. This disadvantage could be exacerbated as consumers increasingly turn to the Internet for content.
Dish's wireless intentions are unformed and could ultimately put the company at risk. The firm could end up at the mercy of other carriers.
Dish has a tendency to push the envelope in legal and regulatory matters, sometimes risking the health of its core television business. Read more 

Management

Chairman Charlie Ergen, his wife, Cantey Ergen, and executive vice president James DeFranco founded EchoStar/Dish Network in 1980. The Ergens, directly and via family trusts, own more than half of Dish, including all the supervoting Class B shares,   Read more 

Profile

Dish Network serves 14 million customers in the United States via a network of owned and leased satellites. The firm spun off its set-top box business, excess satellite   Read more 

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