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Sirius XM Radio Inc.: Miller Tabak equity analyst David Joyce reiterated a buy rating on shares of Sirius XM Radio Inc. (SIRI) on Sept. 3, with a short-term price target of $1.25 and a long-term target of $1.45.
In a note, Joyce said he was lowering estimates on Sirius, the only U.S. satellite radio broadcaster, to reflect higher estimates for customer turnover, or churn, in the second half of 2010 after a spike in net subscribers added in the second quarter.
Joyce lowered his estimates for free cash flow for the third quarter to $41 million from $56 million, and for 2010 to $143 million from $192 million.
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Quote:
Originally Posted by
julietoo
Good morning John, :sunny::sunny:
Enjoying our beautiful SEPTEMBER Michigan weather? ;)
Julie
Ahhhhhhhh, football weather, just in time too.
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Howard Stern is negotiating in public again.
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Sirius XM Radio (SIRI: 1.02 +0.01 +0.99%) – On Friday, SIRI broke above the strong horizontal resistance of $.99 ( 50 MA ) to close at $1.01. Further rally could be seen to retest $1.066 medium term resistance. As long as the stock stay above $.99 area, the bullish scenario is still intact. Technical chart shows bullish sign with K line on top of D line and MACD gaining strength while RSI trending above neutral 50 mark. Next targets for the stock are $1.066 and $1.10. Only a close below $.95 reverses the current uptrend.
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Written on Tue, 09/07/2010 - 6:16amBy Chip Brian
Below are the top five companies in the Cable & Satellite industry as measured by beta. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.
Mediacom Communications (NASDAQ:MCCC) ranks first with a beta of 1.7; Virgin Media (NASDAQ:VMED) ranks second with a beta of 1.7; and Sirius XM Radio (NASDAQ:SIRI) ranks third with a beta of 1.5.
Liberty Global (NASDAQ:LBTYA) follows with a beta of 1.5 and Liberty Global (NASDAQ:LBTYK) rounds out the top five with a beta of 1.4.
SmarTrend is bullish on shares of VMED and our subscribers were alerted to Buy on June 10, 2010 at $16.55. The stock has risen 32.5% since the alert was issued.
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Quote:
Originally Posted by
Sirius Roadkill
Sirius XM Radio (SIRI: 1.02 +0.01 +0.99%) – On Friday, SIRI broke above the strong horizontal resistance of $.99 ( 50 MA ) to close at $1.01. Further rally could be seen to retest $1.066 medium term resistance. As long as the stock stay above $.99 area, the bullish scenario is still intact. Technical chart shows bullish sign with K line on top of D line and MACD gaining strength while RSI trending above neutral 50 mark. Next targets for the stock are $1.066 and $1.10. Only a close below $.95 reverses the current uptrend.
By the way, that was a bullshit painted close at 1.01 because the last trades were actually 1.02 with a big block of 1.015. No way that should have registered at 1.01. I think we open at 1.02 bid for sure tomorrow unless overall market is going to be down big. I think we are about to finally break out as the above indicates.
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Premarket we are at 1.03 :sunny:
You called it. :cool:
Movin' on up. :thumbup:
Julie
One more smiley to make 4 ;)
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Quote:
Originally Posted by
sxminvestor
By the way, that was a bullshit painted close at 1.01 because the last trades were actually 1.02 with a big block of 1.015. No way that should have registered at 1.01. I think we open at 1.02 bid for sure tomorrow unless overall market is going to be down big. I think we are about to finally break out as the above indicates.
Lets tear down that wall at $1.10!
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Shock jock Howard Stern may leave Sirius and go the way of the iPhone app
BY David Hinckley
DAILY NEWS STAFF WRITER
Wednesday, September 8th 2010, 4:00 AM
Treaties that end world wars are signed with less drama than Howard Stern creates around contract negotiations, but his warning that he may leave Sirius satellite and go independent could be more likely than some listeners would think.
Stern's five-year deal with Sirius ends in December. Sirius XM CEO Mel Karmazin, a Howard fan, says he wants Stern to re-up.
But at 56, Stern says he may want to work less than he does now, which is four days a week, 39 weeks a year.
To which Karmazin may say, "Less work, less money." Sirius now pays $100 million a year for Stern, though that covers all show expenses and not just his salary.
Stern says he has loved Sirius and would like to stay. But late last week he said, "It's probably not going to happen."
What could happen, he has suggested, is starting his own Internet podcast, available by subscription.
He could become an app.
"With the new phone technology, it's ridiculously easy," says Kurt Hanson, editor of the Radio and Internet Newsletter (RAIN). "More and more people are doing it. If a Stern got into it, that would speed acceptance further."
Could he make anything like what Sirius pays him?
"The problem with 'monetizing' the Internet," says Talkers magazine editor Michael Harrison, "is that almost everything there is available somewhere else, free. Stern would be selling something not available anywhere else - himself."
If Stern did three Internet shows a week, charged $5 a month (a bargain for fans) and got a million subscribers (a low estimate), he'd make $60 million a year. A fellow could live on that.
Read more: http://www.nydailynews.com/entertain...#ixzz0ywp9mAMm
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Quote:
Originally Posted by
Sirius Roadkill
Lets tear down that wall at $1.10!
Yes, lets! :)
Julie (Who is nearing the 1,000 post mark, that means
resorting to one sentence posts to receive that honor. ;) )