Reported 2 days ago
EchoStar Corporation’s stock surged 56.2% in June following President Trump's intervention in its ongoing dispute with the FCC over its slow rollout of wireless services and potential bankruptcy risks. The company managed to avoid default by making significant interest payments, though it still faces a massive debt burden and uncertainties regarding its wireless business. Analysts suggest caution for investors, highlighting EchoStar’s precarious financial situation despite the recent stock rally.
Source: YAHOO