Jim Cramer on EchoStar: "I Think the Play Is Over"

EchoStar Corporation (NASDAQ:SATS) is one of the stocks Jim Cramer answered questions about. A caller sought Cramer’s opinion on the stock, and he stated:

“Oh man, they’ve got a lot of money…. I mean, they sold a lot of product. It’s all about… their bandwidth, their broadband, and they’ve got it, and they sold it, and I think the play is over. Boy, they had a lot of it, more than I realized.”

EchoStar Corporation (NASDAQ:SATS) provides networking technologies and communications services, including satellite television, streaming video, wireless connectivity, broadband access, and 5G infrastructure. After the company stock nearly doubled in just two days after a major deal with AT&T and signs of progress with regulators, Cramer commented on the turnaround during the Squawk on the Street episode aired on August 27. He said, “It’s an incredible, what a comeback that is for something that a lot of people…”

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Disclosure: None. This article is originally published at Insider Monkey.