SiriXM Intraday Thread Monday June 29th 2009
Welcome Everyone to First Day of Profitability of SXM
Good Morning everyone,today i think is the start of SXM's beginning to show a profit for the rest of the year and beyond.2 days left in 2Q and they probably will report a profit of EPS this Quarter,MHO with some numbers to back it up which i posted earlier.
Waiting to see how Pre-Market looks to get a feel for where the day is heading,but looking for an up day..
My long term price for the company which i posted back in early April or late march was $1 by August 2Q CC with high side being $1.44,still sticking to that target but alot has changed since then with new revenues and greater cost cutting, also Debt Refi's.I now see $2.50 on the table by the end of ther year...