The Panic-Proof Portfolio (Stockchase Research)
DISH Network Corporation
DISH-Q
TOP PICK
Feb 23, 2021
Stockchase Research Editor: Michael O'Reilly DISH has a relatively high 17% of its stock held short. However, recent earnings may begin to cause short holders to re-think that. Namely revenues were up over 30% and subscriber decline is slowing, suggesting the worst may have passed. Trading at only 12x earnings, it is well below its peer average of 47x. The company is estimated to have added $420 million to its cash holdings. We would buy this with a stop-loss at $22, looking to target $40.50 -- potential upside over 32%. Yield 0% (Analysts’ price target is $40.42)
A very interesting company in that they continue to add subscribers. The satellite industry is doing very, very well. One negative is that they won't be participating in IP telephony.