2nd Quarter 10K

nelson61

SatelliteGuys Master
Original poster
Lifetime Supporter
Dec 8, 2007
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Where it's Warm
The second quarter report is gruesome but well worth taking the time to review.
Unlike many companies, EchoStar has always provided a full and lucid report of their status (nothing skipped or hidden).

SEC Edgar Link:

EchoStar 25 still listed for 2026 launch to 110W. They have added EchoStar 26 with a projected launch to 119W in 2028.

Satellite TV subscriptions continue their slow slide downward>

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I'm shocked they're launching two satellites. It's like drunken soldiers are running this company.
If they don't, they will destroy it quicker and not fulfill their federal responsibilities. These are replacement satellites; satellites do have limited life spans. So, it's to keep the company running, or would you prefer they just go out of business?
 
If they don't, they will destroy it quicker and not fulfill their federal responsibilities. These are replacement satellites; satellites do have limited life spans. So, it's to keep the company running, or would you prefer they just go out of business?

They need to focus on delivering video over their 5G network, satellite TV days are numbered. That investment should be going towards a 5G STB and 5G home internet.
 
Not to mention their new 5 Billion Dollar satellite service announced earlier this week.

 
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They need to focus on delivering video over their 5G network, satellite TV days are numbered. That investment should be going towards a 5G STB and 5G home internet.
How's your track record running the company compared to Charlie? Not as good I bet. Isn't it funny that no matter how often you claim he doesn't know what he's doing he somehow manages to outsmart everybody. The constant nay saying is wearing thin.
 
How's your track record running the company compared to Charlie? Not as good I bet. Isn't it funny that no matter how often you claim he doesn't know what he's doing he somehow manages to outsmart everybody. The constant nay saying is wearing thin.
Or he is very lucky? His background is Vegas....At some point luck does run out.
 
I want to know where all this money is coming from
It's not coming from Charlie Ergen's personal worth. He had his peak wealth of $20.1 billion in 2015 according to Forbes. In 2017 Forbes estimated he dropped to $18.8 billion making him the wealthiest person in Colorado at the time. In 2023 his net worth dropped , and he lost his billionaire status, primarily due to decline in Dish and EchoStar's share price. After the FCC approved of the merger of DISH and EchoStar, his net worth rebounded, bringing him back to the billionaire ranks with an estimated $1.3 billion as of Dec. of 2023. As of November of 2024 Forbes estimated his net worth as $2.5 billion.
 
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