Dish Network earnings call: Waiting for a better hand to play

|By:, SA News Editor

Dish Network (DISH -4.9%) CEO Charlie Ergen told analysts on the company's earnings call this morning that a bid for DirecTV (DTV -4.2%) would be too expensive despite the considerable synergies that could be derived from a combination.

Ergen did give some hints on what he thinks would be a good strategy. "I wasn’t a very good poker player but when a bunch of drunken fools were throwing money around occasionally I was able to pick up the pot at the end of the day," noted the exec.

Shares of both satellite pay-TV providers are off today with Ergen throwing a wet towel on merger speculation.

Earnings call transcript