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Analysts Slam DISH After Quarterly Report
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Wall Street didn't go easy on DISH Network Monday after the DBS provider announced that it had lost more than 100,000 subscribers in the fourth quarter of 2008.
Collins Stewart analyst Tom Eagan said that DISH's disappointing results "highlight the company's inability to both add customers as well as maintain their existing subscribers." Eagan went on to criticize DISH, highlighting the fact that DIRECTV added more than 300,000 subscribers in the fourth quarter while its competition went in the other direction.
Bernstein Research analyst Craig Moffett said that the most striking number to come out of DISH's quarterly report on Monday wasn't the 102,000 subscribers lost but instead the fact that the company's revenue growth is now down to one percent. This time last year DISH was growing at an 11 percent pace. And, given that the fourth quarter was the last one with AT&T as a DISH distributor, Moffett said he wouldn't be surprised if the company loses another 100,000 subscribers in the first quarter. Yikes.
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Wall Street didn't go easy on DISH Network Monday after the DBS provider announced that it had lost more than 100,000 subscribers in the fourth quarter of 2008.
Collins Stewart analyst Tom Eagan said that DISH's disappointing results "highlight the company's inability to both add customers as well as maintain their existing subscribers." Eagan went on to criticize DISH, highlighting the fact that DIRECTV added more than 300,000 subscribers in the fourth quarter while its competition went in the other direction.
Bernstein Research analyst Craig Moffett said that the most striking number to come out of DISH's quarterly report on Monday wasn't the 102,000 subscribers lost but instead the fact that the company's revenue growth is now down to one percent. This time last year DISH was growing at an 11 percent pace. And, given that the fourth quarter was the last one with AT&T as a DISH distributor, Moffett said he wouldn't be surprised if the company loses another 100,000 subscribers in the first quarter. Yikes.
