DISH Network Corp (NASDAQ:DISH)’s Sling TV ‘A Big Step Forward’: WSJ

Those TV Viewers, who are waiting to pull off the cord from their cable set-up box, might find DISH Network Corp (NASDAQ:DISH)’s Sling TV, an opportunity to do so. Sling TV is first such service to roll out today that will allow viewers to live stream sports, news and other Pay TV shows on their mobile, TV or Tablets. The Wall Street Journal’s Personal Technology Columnist Geoff Fowler calls it a “Big Step Forward”.

Why are analyst so optimistic about DISH?

Close But Not So Near

According to Fowler, DISH Network Corp (NASDAQ:DISH)’s Sling TV will perfectly fit the viewers, who do not have a cable connection but want to view ESPN, CNN or other shows. He said that the service costing $20 a month is cheap for many subscribers who are not keen on getting a Pay TV connection. Also, Sling TV will appeal to those who are shelling out an extraordinary amount each month to the cable companies, as per Fowler.

Sling TV will stream live shows from some of the popular channels, which are often a major reason for cable subscribers to continue their subscriptions. The service is handy as it will make available those shows on any internet connected device. One drawback with Sling TV according to Fowler is that it might not offer on-demand TV or recorded shows for most of the channels. Moreover, Sling TV’s sports offering will include most of the matches but it might not be a perfect answer to a dedicated sports viewer.

Do The Math

Anyone who is not a subscriber of DISH Network Corp (NASDAQ:DISH) too could sign up for Sling TV. However there are some points one should review before signing up. Firstly, Fowler says that Sling TV being an internet-based offering needs a compulsory internet connection, which ultimately comes from a cable company only. The internet costs will be additional $20 per month Sling TV subscription. Also, if a viewer plans to take HBO or Netflix, Inc. (NASDAQ:NFLX) services along with another such offering then he might end up paying more than an actual cable subscription. Hence, doing the math is important, as per Fowler.

Technicals

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DISH Network Corp (NASDAQ:DISH) has been enjoying a bull market for the last 5 years and while the rally may be punctuated by very normal corrections, there are no signs of any danger to the long term bulls. Actually the strength suggests that the prudent step could be using all dips to buy into the stock. The recent top near the upper boundary of the long term channel may push the price down to around $65 levels, which would be a good opportunity for the investors.

About the Author

Michael joined US Markets Daily in 2009 and is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments.

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