EchoStar (ECHO), What Is Behind The Fresh Attention?

Hughes Satellite Systems, the EchoStar (ECHO) subsidiary behind HughesNet, has filed for Chapter 11 bankruptcy to restructure about US$1.5b of debt as competition and subscriber losses pressure its satellite internet business. See our latest analysis for EchoStar. The Hughes Satellite Systems filing has arrived after a sharp shift in EchoStar sentiment, with the share price down 30.02% over 90 days and the year to date share price return also lower, despite a very large three year total...