Ed’s Daily Notes for March 4th   1 comment

Christian Science Monitor: Ukraine conflict: Global economic crisis brewing or local problem?

I have to agree with the article above: The Ukraine situation is local, for the moment. The big question is what the West will do? Europe has to be careful with sanctions, considering how much energy they get from Russia. On top of that, there is another aspect to it:

Sky News: Russia And China ‘In Agreement’ Over Ukraine

Russian foreign minister Sergei Lavrov discussed Ukraine by telephone with his Chinese counterpart, Wang Yi, on Monday, and claimed they had “broadly coinciding points of view” on the situation there, according to a ministry statement.

This is pretty weak support from China, but it will carry some weight diplomatically. But the major concern here is what happens if China decides to take advantage of this situation to do their own imperial conquest? My guess is they won’t, since they would have too much to lose economically.

Bloomberg: Dish Gains Web Rights to Disney TV Shows New Pact

Dish Network Corp. (DISH) reached a groundbreaking agreement to carry Walt Disney Co. programming, gaining rights to offer Disney, ABC and ESPN shows over the Web in addition to its satellite pay-TV service.

The multiyear deal, which also ends legal standoff between the companies over Dish’s AutoHop ad-skipping technology, is the first between Disney and a pay-TV provider to include so-called over-the-top program rights. It will allow Englewood, Colorado-based Dish to offer Disney shows as part of a future Web-based subscription-TV service.

“The creation of this agreement has really been about predicting the future of television with a visionary and forward-leaning partner,” Joseph P. Clayton, Dish’s chief executive officer, said in a statement yesterday. The deal creates “a model from which to deliver exciting new services tomorrow.”

In signing Disney, Dish and its chairman, Charlie Ergen, gain a head start against other pay-TV providers contemplating selling monthly programming packages over the Internet. Such products would break cable-TV companies free of their geographic boundaries, and allow satellite systems such as Dish to offer interactive features their services now lack.

I give Dish Network and Disney credit for recognizing reality: The future of tv programming is on the internet. This deal is a win-win for both companies.

That said, while I give credit to Dish for making this deal, I am NOT calling it a buy! For a large company, they have some pretty ugly financials. With over 13 times debt/equity, and negative levered free cash flow, I am not even sure Dish will survive.


Posted March 4, 2014 by edmcgon in Economy, News, Politics, Stocks

One response to “Ed’s Daily Notes for March 4th

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  1. For the older or semi older crowd anyone going to see the Mr Peabody and Sherman movie based of the shorts from Rocky and Bullwinkle show? Looks interesting

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