DISH Network Corporation (NASDAQ:DISH)

Zacks Rank 5-StrongSell, Recommend Neutral, Industry Rank 99 / 265, Avg target of 8 analysts 40.25
- Short Interest Ratio: 2.10 %
- Est Revision Ratio: Up 1 vs 36 Down

Lets see what happens with the sprint merger... and i think the CLWR offer is still on the table.

wrong side of M&A

Internet plus content equals bye bye dish!

Cable industry will collapse. Stock is overvalued and analyst estimates are wrong for next quarter.

This won't happen next year, maybe not even the year after that, but at some point this company just won't exist. Plain and simple

TV and content companies always find a way to win in the long term

forward thinking

The core business is a cash cow and management is looking to the future. All channels are available to stream live to computers, tablets, and phones. More importantly, DISH holds 40MHz of wireless spectrum that VZ just valued at $7B.

Getting adequate diversification and growing in important markets. NO 80 yd touchdown but a deliberate, methodical 4 yd gain per play.

I am using "TV Anywhere" and "DISH Online" and am in the queue to receive my "Hopper" as soon as it's released (imminently). I installed the "Sling" last week so I can watch my recorded programs when visiting my daughter/granddaughter in another state. The technology is just unsurpassed and was recognized in the 2012 CES show. Customer support is super. There is no greater bang for the buck when it comes to airwave entertainment.

http://www.dish.com/technology/

http://www.dish.com/technology/hopper/

PRAISE.

The Hopper received Popular Mechanic's "Editors' Choice" award for outstanding achievement in new product design and innovation.

The Hopper was also selected as a CNET "Best of CES" Finalist, being recognized as one of the most innovative products that set the standard for all other products in the industry.

"You'd certainly have to record an awful lot of television to run out of space on Hopper."
USA Today

"DISH Network's newly announced Hopper and Joey set-top boxes are innovative products in their own right, but they look even better when compared to the miserable state of cable set top box technology"
Popular Mechanics

"Comcast should be on notice. This DVR is what theirs should have been."
MPH

"Gone are the crappy interfaces and slow boxes. Gone are debates trying to figure out which room gets the DVR."
MPH

Best in the sat world, take over possibilities,

outperforming digital TV and less expensive.

http://www.fool.com/investing/general/2012/01/12/heres-dish-networks-audacious-plan-on-a-silver-pla.aspx

Putting together the puzzle pieces we have today, it looks like DISH is planning to reduce its reliance on expensive satellites over the next few years. Blockbuster provides content by hook or by crook. The FCC had better approve Ergen's wireless network plans or else suffer his scorn. If it all comes together as planned, it'll really be like a terrific Seinfeld episode where you couldn't see the punchline coming until it was delivered. And it's all powered by Ergen's blood, toil, tears, and sweat as each of the components is facing serious resistance along the way.

"We may be sure that the world will roll forward into broader destinies," Churchill said in his Russian musings in 1939. So, too, does the entertainment industry roll forward into a brave new digital era -- and Charlie Ergen is hell-bent on keeping his DISH Network relevant in the new age.

The riddle unravels, and I like what I see inside.

Dish is unveiling a new streaming service using blockbuster and with the price hike at netflix. People will switch and not to mention the awesome satelittle tv service they provide.

I have been watching Dish very closely for several months. Dish mumbled vaguely that they had something in the works.Something big and unexplainable. They bought several other networking companies around this time. And the dying Blockbuster name. Now Netflix begins to suffer and for $100 less per share Dish network is looking pretty good.

It has grown earnings an average of 10% a year over the past five years and it is selling at 7 times this year’s expected earnings. Netflix trades at 45 times this year’s expected earnings. DISH looks like a much better buy here. It is selling near the bottom of its five-year valuation. has beat earnings estimates five of the last six quarters and consensus EPS estimates for 2011 and 2012 have been raised over the last 90 days. Its forward P/E based on FY 2012’s projections is 8.5 times earnings, a 35% discount to its five-year average.

This is my anti Netflix pick. It seems like every discussion about competition for Netflix assumes as an article of faith that it will be based on the same all you can eat subscription service. IMO the all you can eat model is fatally flawed in that Netflix can't bring in enough revenues to ever afford anything more than tv re-runs and ancient movies. To the contrary all significant moves into streaming by competition such as Google and Amazon have been based on an a la carte model. I could go into a long dissertation on why Netflix subscription streaming is doomed to implode but this is a DISH pitch. Let's just say 50% churn rate and quality of content are why Netflix subscription based streaming service will implode (once they saturate the U.S. market).

On the other hand the news the other day that Dish was experimenting with offering football packages on their streaming service has me intrigued. Thats a package that makes a lot of sense as does news they are experimenting with offering streaming service to areas their satellite service does not cover such as in cities. I could see them selling other streaming packages such as newer movies or international television for ex patriots. The advantage to this model is that they can match price to cost so that they don't get caught in the Netflix trap of needing rapid growth to afford content but devaluing the content by giving it out to ever more subs. DISH's cost per sub is fixed and the content providers revenues per sub is fixed in a win win for both sides.

At 8X earnings right now I think this is a fairly low risk way to play the emergence of the streaming trend. The market obviously isn't seeing the potential here and IMO is way over estimating Netflix model. If DISH's foray into streaming didn't pan out I don't think the market would care and there's a lot of upside if packaged streaming does work out. Particularly so if the momo's decide to anoint DISH the new "paradigm shifter" in the streaming video business.

ROIC is high and growing.