By Brandon Matthews
Satwaves is proud to announce that it will again be providing live coverage of Sirius XM Radio’s (SIRI) Q3 2009 earnings call this Thursday November 5, 2009. The online event which drew nearly 10,000 SIRI investors to Satwaves last quarter will begin at 6 am EST, with a round-table discussion of the early company press releases as they are released and will include live reporting of the Sirius XM earnings call which will begin at 8 am EST. Comments and questions from investors around the nation will be taken live as well.
Although analysts are looking for the company to report a loss of .02 per share, 94% of those polled by earningswhispers.com expect an upside surprise. Current analyst price estimates project the current .60 SIRI shares to be valued between .70 -1.00, indicating that significant potential percentage gains exist in the equity.
This live news event is made possible through software provided by CoveritLive.com which allows for instant news reporting. This live event coverage provides a means for investors to get instant reaction and the opinion of other investors, money managers and analysts regarding the results. Unlike “live blogging”, users do not have to update and refresh any pages. Posts as well as investor feedback and panelist reaction are added automatically, allowing investors to follow along in real time as the news breaks.
In an unprecedented show of solidarity, Satwaves has invited several members of the Sirius XM Radio news community, to join our Satwaves panel of writers and investors. These panelists include Spencer Osbourne of SiriusBuzz, Ryan Saghir of Orbitcast and Rick Munarriz of The Motley Fool, which have yet to confirm at this time. We will be discussing all of the late breaking news including the stock trends, auto sales results which are being released today and of course “Rosie (O’Donnell) Radio” which is scheduled to debut today on Sirius XM.
For those who wish to listen to Sirius XM Radio’s live audio presentation of its third quarter results, the earnings call be heard live at Sirius.com.
Position: Long SIRI
With Ford’s positive numbers coming out this morning, Sirius Xm I would hope will be echoing these types of results this week.
Thanks Brandon for hosting the party on Satwave. I look forward to positive numbers and
an increase in SIRI share price…
I will be calling in to work to listen all day!
I wouldn’t get to excited. I’m preparing for another let down as experienced with every other earnings cc. Hope for the best.