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Thread: David Joyce's Bad Day Gets Worse

  1. #1
    Sirius Roadkill is offline
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    David Joyce's Bad Day Gets Worse

    On September 30, 2010, Miller Tabak's David Joyce downgraded Sirius XM from Buy to Hold and maintained his $1.25 price target based on "valuation concerns." He also enlightened us with his forecast of 99,000 net-adds for Q3-10:

    On September 30, 2010, Sirius XM announces official release of the XM Snap, a simple in-car satellite radio receiver that can be easily installed by just plugging it into your vehicle's power port;

    On September 30, 2010, after the bell, S&P places Sirius XM on Credit Watch Positive . . meaning an upgrade in the Company's credit rating is probably imminent;

    On October 1, 2010, speaking at Liberty Media conference, Mel Karmazin raises guidance to 1.3mm subs for 2010;

    On October 1, 2010, Opie & Anthony extend contract for 2 years under terms favorable to management;

    On October 2, 2010, Rick Sanchez' firing from CNN due to remarks made on Sirius XM draws national media attention (aka free advertising!).
    Last edited by Sirius Roadkill; 10-02-2010 at 03:40 PM.

  2. #2
    sxminvestor is offline
    2 David's both having a hard time now, must be the name.

    Quote Originally Posted by Sirius Roadkill View Post
    On September 30, 2010, Miller Tabak's David Joyce downgraded Sirius XM from Buy to Hold and maintained his $1.25 price target based on "valuation concerns." He also enlightened us with his forecast of 99,000 net-adds for Q3-10:

    On September 30, 2010, Sirius XM announces official release of the XM Snap, a simple in-car satellite radio receiver that can be easily installed by just plugging it into your vehicle's power port;

    On September 30, 2010, after the bell, S&P places Sirius XM on Credit Watch Positive . . meaning an upgrade in the Company's credit rating is probably imminent;

    On October 1, 2010, speaking at Liberty Media conference, Mel Karmazin raises guidance to 1.3mm subs for 2010;

    On October 1, 2010, Opie & Anthony extend contract for 2 years under terms favorable to management;

    On October 2, 2010, Rick Sanchez' firing from CNN due to remarks made on Sirius XM draws national media attention (aka free advertising!).

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