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Strategies & Market Trends : Value Investing

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To: Rainmaker888 who wrote (39449)	9/28/2010 12:08:43 PM
From: Jurgis Bekepuris	Read Replies (2) of 78740

I'd say your analysis is pretty messed up. You cannot consider "long term investments" to be cash equivalents. They are not. They could devalue significantly if the equities they own drop a lot. For example, their TSTR stake can be (is?) a toast. And IMHO it makes no sense to add "business value" to "liquidation value of assets". What does that mean in real world at all? Is that like adding sales to equity and calling it market cap? Either evaluate the company based on earnings or evaluate it based on balance sheet, you can't just arbitrarily mix the two. On the philosophical side, investment in Echostar can only be made as a faith investment in its majority-control holder. If you believe Charles W. Ergen is a great manager and his goals are aligned with minority shareholders, you buy. If you don't believe it, you don't buy. In this situation if he wants to screw you, he has total control to do it in 10 different ways before Sunday.

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