By Brandon Matthews
Don’t start your Thanksgiving holiday just yet! In this week’s edition of Satwaves Radio, Murray Arenson, Senior Research Analyst at Janco Partners will be calling in to discuss Sirius XM Radio (SIRI). On November 10th, 2009, Mr. Arenson issued an updated report on SIRI shares that announced the resumption of coverage by the firm with an ACCUMULATE rating and an .80 price target.
Reasons cited in Mr. Arenson’s report include growing cash flows, positive subscriber growth, incremental revenue additions, lower expenses with an expectation of further reductions, the potential of Sirius XM’s Certified Pre-Owned programs and overall balance sheet improvements including a much improved debt structure. Mr. Arenson also cited the $8 Billion dollars in NOL’s as a strong asset to the company.
The show can be heard on Satwaves Radio which airs each Wednesday night at 9:00 p.m. EST on BlogTalkRadio. Further information can be found here. The show will be available for replay or download through iTunes following the live show.
About Mr. Arenson
Murray J. Arenson has covered the Media and Media Technology Industries for more than twelve years and worked for Nielsen Media Research, the media industry’s leading research company, prior to joining the financial ranks.
Mr. Arenson is a two-time Wall Street Journal All-Star Analyst, including a ranking as the Number One analyst in the Cable and Entertainment industry and a position on the Wall Street Journal’s Home-Run Hitters Team (ranking No. 4 among analysts in all industries with highest portfolio returns).
Mr. Arenson has been widely quoted in trade, financial, and general media, including CNBC, Investor’s Business Daily, New York NewsDay, Los Angeles Times, Bloomberg News, Cable World and MultiChannel News. Mr. Arenson was previously an analyst with Ferris, Baker Watts, Inc. Prior to that, he was the President of Mosaic Equity L.L.C., an independent research firm serving institutional investors. He has also been an analyst with Morgan Keegan & Company, Hoak Breedlove Wesneski & Co., and Rauscher Pierce Refsnes, Inc. Mr. Arenson received an M.B.A. from Southern Methodist University and a B.A. from Washington University.
Position: Long SIRI
What are NOL’s?
net operating loss carry forwards
Once again, kudos to both you and Demian, Brandon! You once again have scheduled a top notch guest and one who should provide some real insight on all of the potential in SIRIUS XM. I fully expect that one day soon you will even manage to get Mel as a guest! Great job guys!
I just listened to the replay. Did I hear 7.5 times 2011 projected EBITDA? When Mel grows EBITDA at 20% every single year?
Comparing to cable companies and other media companies as peers is one thing. Next time ask him what are the EBITDA growth rates over those media companies compared to Sirius.
Mel grows it 20%. The stock will go to 20 times EBITDA. That’s media. F the peers that can’t even grow EBITDA!
Also Demian has invented his own Wall Street where cable companies are not considered media but are in the “Subscription Business” category. A new category! Somehow media subscription businesses have been eliminated from media in Demian’s Wall Street. LOL Doesn’t matter that the street has valued it as media since 1980! We are living in a SatWaves World now!
Man are you guys green. At least Brandon has stopped referring to eps. I didn’t hear it once on the replay. Thank Goodness!
How can I listen to the replay of the Murray Arenson interview? All I can get is Elvis singing All Shook Up.
That’s the opening song for the show. Keep listening and you will hear the interview begin after the intro music ends.