Auto sales are down. This has been the month after month news item for most auto manufacturers. With the exception of a few bright spots, the entire auto industry is in a slump. With high gas prices, many companies are offering clearance price on what are now considered… → Read More
OEM Sales Weak
With automobile sales hitting record lows, satellite radio sector watchers have more than just the merger to worry about. Satellite radios installed into cars is where SDARS gets the most exposure. Consumers have been pretty consistent on opting to become subscribers at about a 50% clip, but prolonged… → Read More
Merrill Lynch Upgrades Sirius
On the heels of Sirius Satellite Radio issuing post merger guidance, and a sharp decline in price after the Goldman Sachs analysis, Merrill Lynch analyst Glen Campbell has raised their rating to BUY with a PO of $2.70 per share, a 20% discount from their YE09 DCF value… → Read More
Sirius Issues Post Merger Guidance
Despite finally getting some merger guidance for satellite radio, the stocks responded by giving up virtually all gains acquired late in the day Friday. Sirius and XM gave the first real glimpses of synergies in a press release issued Monday morning. The new guidance includes: Expects 2009 Total… → Read More
Satellite Sees Boost
After a virtual drubbing over the past couple of weeks, the satellite radio stocks of Sirius and XM saw a boost today that gave investors a bit of a break, and perhaps even set the tone for a good weekend. The natural question happening at this point is… → Read More
XM Re-Ups Parsons, Borrows $100 M, Commences Exchange On Converts
XM Satellite Radio has been busy over the past day or so. The company announced that they have extended their deal with Chairman Gary Parsons, borrowed $100 Million, and will commence an exchange on their 1.75% convertible notes due 2009. PARSONS Gary Parsons, the Chairman of the Board,… → Read More
Jim Cramer Says The Next Four Days are Crucial
This is the first time that I remember hearing a beaten tone in the normally energetic/optimistic voice of Jim Cramer. In a recent video on TheStreet (below) Cramer said that “the next 4 days are crucial” and that “If it is not ruled on by June this may… → Read More
Lamborghini Inks Exclusive Agreement With Sirius
Automobili Lamborghini S.p.A. announced last week that they will offer Sirius as its exclusive satellite radio provider in Lamborghini vehicles. The first Lamborghini to include Sirius as standard factory installed equipment will be the Murcielago (above) beginning with the 2009 model year in the U.S. “SIRIUS was the… → Read More
NAB Has Their Votes On Royalty Issue
The National Association of Broadcasters announced recently that they appear to have the votes needed to see their side of the terrestrial radio royalty issue pass through the House of Representatives. The NAB announced that four additional House members have voiced opposition to the recording industry-backed effort to… → Read More
Where’s The Bottom
With Sirius and XM at long term lows, the natural question is, “where is the bottom?” The answer to that question can take many forms, but something we need to consider is how it is that we got to where we are now. 1. The merger process has… → Read More
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