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Dish Network (DISH) is trending up

posted 772 weeks ago on The StockMasters - Financial News, Stock Market Trading, the Best Stocks fo

DISH Network Corp. (Public, NASDAQ:DISH) is yet another company on the long list of stocks that have fallen more than 100% in the last year. DISH, which traded as high as $36.11 in 2008, is currently trading at close to $14 a share. This is after hitting a 52 week low of $8.34, and shares seem to be on the rebound. The stock has mostly moved due to Goldman Sachs analyst Ingrid Chung pimping it out, contending that with the stock trading at 5.5x estimates 2009 EPS versus 14x for rival DirecTV (DTV), most of 2008?s bad news has been largely discounted. In 2008, the company suffered a satellite failure, the loss of its AT&T distribution deal, and unfavorable developments in its litigaiton with TiVo, among other things.  But now she sees potential catalysts ahead: read more

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