Bruce Berkowitz on Echostar

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Aug 25, 2006
Echostar represents 10.61% of the Fund’s net assets, with arguably the best television

experience available, a growing subscriber base, and significant scale advantages. Six years

ago, the company was a speculative venture consuming cash. Today, the company is 40%

cheaper, three times larger, and 50% owner/CEO Charlie Ergen is reallocating a large and

growing free cash flow.