Why EchoStar Stock Crushed it on Friday
EchoStar (NASDAQ:ECHO) was quite the star company in the eyes of many investors on Friday. A key subsidiary has emerged from bankruptcy, and at a stroke, significantly cleaned its parent’s balance sheet. Mr. Market rewarded this progress by enthusiastically buying EchoStar shares; they closed that trading session almost 7% higher. Exit stage right EchoStar disclosed…