Why EchoStar Stock Popped a Lucky 7% Today

Whether or not EchoStar buys DirecTV, you shouldn't buy EchoStar. EchoStar Corporation (SATS 5.29%) stock jumped 6.8% through 10 a.m. ET Monday after Bloomberg reported over the weekend that the satellite TV and cellphone company (EchoStar owns both DISH and Boost Mobile) is in talks to merge with AT&T's (T 2.17%) DirecTV. As the news agency reported, a successful merger would create "the largest pay-TV provider in the US." What Bloomberg said about DISH and DirecTV Caveats abound. Discussions between AT&T ...