DISH Is Reportedly at High Risk of Being Unable to Pay Its Bills
DISH has been struggling financially for some time now. Recently, it merged with EchoStar in an effort to address these issues but, according to an SEC filing last March, DISH will use a “substantial amount of cash” in the next 12 months. It “raises substantial doubt about [the company’s] ability to continue as a going [sic] concern,” EchoStar said.
DISH also raised serious “substantial doubt” about the company’s ability to continue. According to MoffettNathanson analyst Craig Moffett, DISH’s pay-TV service and mobile business are also “spiraling towards bankruptcy.”