“S&P 500 (459 to 440) - 6 Extremely Interesting Investing Stories (PNW, SOLV, GNRC, ECHO, GEN, IVZ)”
$SATBearish
AI summary · EchoStar's legacy businesses are in decline with bad cash flow; a UBS sum-of-parts target of 156 versus 90 depends on its SpaceX stake. The speaker thinks SpaceX's value will become zero, and excluding SpaceX EchoStar is worth no more than a few billion while trading higher, making it risky — though SpaceX believers can get it cheaper here.
Speaking of AI bets, there is a value investment involving SpaceX and EchoStar, which are older businesses like satellites, television, and others, all of which are in decline and look to be in bad shape.
Then the share price rose from 25 to 90, and even higher to 140, and then it has now dropped to 90. What happened? Well, all businesses are in decline , but when you look at wireless communications, what do they have?
They own the radio spectrum. The cash flow is bad, and everything looks bad.