A family emergency had me away from work duties the past two days, but I’m back to work now. We will resume our morning calls tomorrow. Some key events relating to SIRI are as follows: Banks have agreed to a 50% write-down of Greek debt, which although a default of sorts, removes the uncertainty. I had...
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There were three events yesterday regarding Sirius XM to take note of today. Sirius XM Perma-Bear Analyst David Bank of RBC Capital, gave up on being wrong with his $1.50 target on SIRI, and increased it to $2.00. Fortunately for RBC, this occurred while SIRI shares traded at $2.00, which will at least now...
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Maxim Group’s John Tinker has reiterated the firms “Buy” rating on Sirius XM and $2.50 target on the heels of the recently announced antitrust settlement in a Barron’s article today. Tinker notes that had the antitrust case gone to trial, it could have theoretically resulted in a reversal of the merger between Sirius Satellite...
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I wanted to wait until the S.E.C. filing had come out before writing a review of Sirius XM’s first quarter results. In a complete turnaround from the company nor, Sirius XM issued press releases that were hardly exciting. In fact, some of the numbers were downright disappointing, and SIRI shares began to slide. Then,...
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Tuna Amobi of Standard & Poors has finally updated his outlook for Sirius XM Radio. I haven’t made many friends in the analyst community of late, given my occasional scrutiny of their work. Most analysts these days are content to steer clear of any potential analysis of their work by me, choosing instead to distribute...
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If you’re short Sirius XM Radio, you have a problem. Auto sales results that were reported yesterday, appear to confirm a recovery in U.S. auto sales, and some analysts are now speculating that 13 million may be a conservative estimate, given recent trends. To make matters worse, Morgan Stanley upgraded Sirius XM to overweight and assigned...
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