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.
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.
