Thomas Lott
Long/short equity, deep value, special situations, hedge fund manager

EchoStar: Is This Stock About To Launch?

EchoStar (NASDAQ:SATS) is an undervalued satellite owner that provides high speed Internet for consumers/businesses, as well as broadcasting services for pay TV companies. With a set top box business also in the mix, EchoStar seems to be an amalgamation of lots of disparate businesses. With little sell-side coverage, insiders controlling over half the stock, and confusing segment disclosures, it is largely an unknown company despite a $4.3BB TEV. The good news is that this lack of awareness also makes for an underappreciated, undervalued stock.

Importantly, EchoStar last year launched an upgraded satellite capable of delivering high speed data services to a significant portion of the US. The EchoStar XVI/Jupiter satellite, operating on the high capacity Ka band, now...

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